Abano confirms new takeover bid; mulls capital raising

Staff reporters
Wed, 17 Jun 2020

Abano Healthcare confirmed media reports that BGH Capital and the Ontario Teachers’ Pension Plan have made two new takeover bids at $3 and $3.25 per share.The dental clinic operator said any offer needs to reflect the firm’s underlying value and provide shareholders certainty, noting that the bidders had backed out of an earlier deal at $5.70 per share in March when the covid-19 pandemic’s impact on financial markets was in full swing.Abano’s board is considering other options, including a capital raising of between $50...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

The Economist
The great Silicon Valley shake-out
The Economist | Sat, 02 Jul 2022

We look at the world’s startups and identify the safe, the uneasy and the doomed.

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.