- Assura shareholders back £1.8bn bid despite KKR pleas last week
Primary Health Properties (PHP) has defeated a US private equity giant in the battle for control of a GP surgery owner.
Shareholders backed PHP’s £1.8billion takeover of Assura, despite KKR’s plea last week for the board to reconsider.
Investors owning nearly 63 per cent of Assura’s shares had voted in favour of the merger by yesterday afternoon, making the offer ‘unconditional’.
The vote ends a long-running tussle to buy the NHS landlord, which owns surgeries, hospitals and hospices.
Assura will delist from the stock market as soon as possible, the companies said yesterday.
But the deal still faces hurdles after the competition watchdog last week stepped up its probe into the tie-up.
Assura owns surgeries, hospitals and hospices.
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
InvestEngine
InvestEngine
Account and trading fee-free ETF investing
Trading 212
Trading 212
Free share dealing and no account fee
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
This article was originally published by a www.dailymail.co.uk . Read the Original article here. .