News

Bidding battle for Assura heats up

UK's Assura snubs KKR takevoer bid in support of competing PHP offer
British healthcare real estate investor Assura said on Friday that it maintains its support for a takeover bid by Primary Health Properties despite rival suitor KKR urging it to back its competing offer.
Bidding battle for Assura heats up as competition watchdog takes further action
Bidding battle for Assura heats up as competition watchdog takes further action - A consortium led by KKR has called on Assura’s board to change its recommendation for the £1.79 billion offer from healthcare property firm PHP.
KKR hasn’t given up on bid for Assura – but PHP pushes back
Private equity giant KKR hasn’t given up on its bid for healthcare property business Assura and says the current preferred offer from PHP is no longer the most attractive option given share movements and the threat of a competition probe.
KKR urges UK's Assura board to back its takeover bid over PHP offer
Private equity fund KKR has urged the board of British healthcare real estate investor Assura to back its takeover bid and withdraw its support for a rival offer from Primary Health Properties. KKR, which is leading the bid with Stonepeak Partners,
KKR pushes for Assura to ditch PHP deal amid bidding war
KKR's investment vehicle Bidco said on Friday it has held discussions with Assura's board to lobby for its deal.
UPDATE: Assura directors stick with PHP offer as they thwart KKR move
Under the terms of the increased PHP offer, Assura shareholders will receive 0.3865 of a new PHP share and 12.5 pence in cash. Also, Assura shareholders are entitled to receive or retain a quarterly dividend of 0.84p per Assura share paid on April 1, and a quarterly dividend of 0.84p per Assura share paid on July 9.
KKR, PHP Update on Assurances for Assura Takeover Ahead of Offer Deadline
KKR said Monday that as of the end of last week, it had received valid acceptances of the offer for 572,950 Assura shares. As of Friday, KKR held 164.5 million Assura shares, or 5.05% of its issued capital. KKR's takeover bid, which it raised on June 11, values Assura at 1.70 billion pounds ($2.28 billion).

KKR urges Assura to ditch Primary Health Properties as bidding war heats up

US private equity giant KKR has called on Assura to abandon a deal with rival Primary Health Properties as the bidding war ...
Moneyweb1d

PRIMARY HEALTH PROPERTIES PLC – Statement regarding recommended combination of Assura and PHP

THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT AND NO INVESTMENT DECISION IN RELATION TO THE REVISED OFFER OR THE NEW PHP SHARES SHOULD BE MADE EXCEPT ON ...
Insider Media2d

KKR consortium reiterates Assura case - PHP blocked from fully integrating NHS landlord by CMA

The private equity consortium which includes Kohlberg Kravis Roberts & Co has reiterated why it believes its bid is the best ...
Morningstar2mon

Correction to Assura Takeover Article - Morningstar

Assura agreed to a takeover offer valuing it at 1.70 billion pounds. "Assura Agrees to Sweetened $2.29 Billion Takeover Offer From KKR, Stonepeak," at 0649 GMT misstated the figure.
Moneyweb1d

ASSURA PLC – Offer Update

Offer Update. Assura plc (Incorporated in England and Wales) (Company Number: 09349441) LEI number: 21380026T19N2Y52XF72 LSE Share Code: AGR JSE Share Code: AHR ISIN Code: GB00BVG ...