SYDNEY: Ramsay Health Care Ltd, Australia’s largest private hospital operator, said it received a A$20.05bil (US$14.80bil or RM63.37bil) indicative takeover offer from a consortium led by private equity giant KKR & Co.
The non-binding proposal of A$88 (RM279) cash per share represents a premium of nearly 37% to Ramsay’s Tuesday closing price of A$64.39 (RM204). The offer sent the hospital operator’s shares up as much as 29.8% to A$83.55 (RM265) in early trade, their biggest-ever intraday jump.
Ramsay said in a statement it would provide the KKR-led consortium with due diligence on a non-exclusive basis and talks were at a preliminary stage.
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