Ramsay Keeps Door Ajar After KKR's "Meaningful Inferior" Offer

Aug 26, 2022

∙ Paid

KKR has all-but-abandoned its A$88/share cash offer for Ramsay Health Care (RHC AU), Australia's largest private hospital group.
KKR's alternative proposal involves $88/share for the first 5,000 RHC shares, followed by A$78.20/cash + 0.22 Ramsay Generale de Sante (GDS FP) shares thereafter - or an indicative value of A$84.93/share.
Despite announcing horrible annual results, Ramsay's board considers the alternative proposal to be meaningfully inferior to the KKR's indicative proposal of $88.00/share.

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