M&A’s concluded. Khazanah yesterday offered to buy all remaining shares that it does not own in Parkway Holdings for S$3.95 per share. We note that the offer price is 3.9% higher than Fortis’ offer of S$3.80 per share. Fortis has reportedly decided to bow out of the bidding war and accept Khazanah’s offer. Khazanah will thus need to fork out approximately S$3.5bn (RM8.2bn)for the takeover. We note that the other takeover for Healthscope in Australia has also been concluded with the consortium comprising US private equity firms, Carlyle Group and TPG Capital winning the bid at A$2bn.
KPJ Healthcare Berhad : Back To Fundamentals - 27/07/2010
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