Britain’s Spire Healthcare announced that the deadline for Toscafund Asset Management to make a formal takeover offer has been extended to August 6.
Toscafund tabled its 250 pence-per-share proposal on May 14, a 66% premium to Spire’s closing price a day earlier, valuing the company at about £1 billion ($1.34 billion).
If agreed, the deal would give Toscafund control of Britain’s largest provider of hip and knee operations, at a time when record NHS waiting lists have fueled a surge in demand for private healthcare.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.