The Guardian Australia – Business
·business
·1 hour ago
Hedge fund proposes £1bn buyout of UK’s biggest private hospital operator
Spire Healthcare's board backed a £1bn buyout proposal from hedge fund Toscafund at 250p per share on Thursday, sending shares up 47p to 221p. Toscafund, led by activist investor Martin Hughes known as "the Rottweiler," must announce a firm offer by June 11 or walk away. The deal would value Britain's largest private hospital operator at £892m.
Summary by Glance · The Guardian Australia – Business
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