Abano board puts takeover on backburner

Staff reporters
Mon, 22 Jun 2020

Abano Healthcare’s board doesn’t intend on pursuing a sale and is weighing up options to shore up its capital structure. The dental clinic operator last week confirmed it had received two new takeover offers at $3 and $3.25 per share from BGH Capital and the Ontario Teachers’ Pension Plan, but today said it won’t pursue that option. The bidders backed out of an earlier deal at $5.70 per share when the covid-19 pandemic sent financial markets into a tailspin. Abano’s board said it’s reviewing options...

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