LONDON, May 17 (Reuters) - British healthcare property ownerAssura Group said on Friday it had received a takeoverapproach from rival MedicX Fund, sending its shareshigher.
Assura said that MedicX had proposed an all-share dealcomprising one MedicX share for every 2.05 Assura shares,conditional on a recommendation from Assura's board.
Shares in Assura rose 7 percent to 38.75 pence, valuing thegroup at about 200 million pounds ($304 million). MedicX Fund'sshares were unchanged at 82.75 pence, valuing the investmentfund company at around 216 million pounds, according to ThomsonReuters data.
Under British takeover rules, MedicX now has until June 14to either make a firm offer or else walk away, Assura said.
