Get 40% Off
🤑 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

Capio's board recommends increased bid from Ramsay to shareholders

Published 10/10/2018, 06:00 pm
Updated 10/10/2018, 06:10 pm
© Reuters.  Capio's board recommends increased bid from Ramsay to shareholders
GDSF
-
RHC
-
CAPIO
-

STOCKHOLM, Oct 10 (Reuters) - The Board of Sweden's Capio CAPIO.ST unanimously recommends its shareholders to accept Ramsay Generale de Sante GDSF.PA raised bid, it said on Wednesday.

The French hospital operator raised its cash bid for Capio by almost 20 percent on Monday, valuing the company at around 8.19 billion crowns ($903 million). also decided to withdraw its proposal for a sale of Capio France and has cancelled the extraordinary general meeting to resolve on such sale, it said in a statement.

Ramsay Generale, 50.9 percent owned by Australia's Ramsay Health Care RHC.AX , raised its bid for Capio to 58 crowns per share on Monday.

An initial bid of 48.50 crowns had been quickly rebuffed by Capio's board and several of its largest investors in July.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.