Spire Healthcare Group PLC - London-based healthcare operator - Delays court meeting and general meeting until July 19, to give shareholders a chance to mull over Ramsay Health Care Ltd's increased takeover bid. Meetings were previously set for July 12.
"A number of investors have requested a short extension to the process to allow them to exercise voting rights, and it is our responsibility to ensure that as many shareholders as possible have the opportunity to express their views," comments Chair Ian Cheshire.
Ramsay Health Care Ltd on Monday lifted its bid for Spire Healthcare Group PLC, making a 250-pence-per-share final offer. The new proposal, up from the previous 240p-per-share bid, values London-based Spire at GBP1.04 billion on a fully diluted basis, and GBP2.11 billion on an enterprise value basis, Ramsay said.
"We urge all shareholders to take advantage of this extension and remind them of the Spire board's previous unanimous recommendation to vote in favour of the proposal from Ramsay," adds Cheshire.
Mediclinic International PLC is Spire's largest shareholder at just under 30% and has already accepted Ramsay's offer.
Current stock price: 230.50 pence, down 3.2% on Wednesday
Year-to-date change: up 48%
By Will Paige; willpaige@alliancenews.com
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Spire Healthcare (SPI)