KKR-Led Consortium Submits A$20.1 Billion Takeover Proposal for Ramsay Health
April 19 2022 - 7:13PM
Dow Jones News
By Stuart Condie
SYDNEY--Australian private hospital operator Ramsay Health Care
Ltd. received a takeover proposal from a KKR & Co. Inc.-led
consortium that values the company's equity at 20.1 billion
Australian dollars (US$14.9 billion).
Ramsay on Wednesday said the consortium submitted a non-binding
indicative proposal worth A$88.00 per share in cash. The stock
closed Tuesday at A$64.39.
The ASX-listed company opened its books to the consortium on a
non-exclusive basis. Ramsay disclosed the proposal following what
it called media speculation, noting that the consortium requested
the proposal be kept confidential and could now withdraw.
Write to Stuart Condie at stuart.condie@wsj.com
(END) Dow Jones Newswires
April 19, 2022 18:58 ET (22:58 GMT)
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