Abano continues to resist takeovers, rejects approach from Archer, Hutson

Mon, 16 Sep 2013

Sept. 16 (BusinessDesk) – Abano Healthcare Group, the healthcare services investor, has rejected an amended takeover proposal from Archer Capital and shareholding director Peter Hutson saying they don’t offer enough for control and the buyout firm is a potential rival. Archer and Hutson last Friday “re-activated” an unsolicited proposal first made, and rejected, last month to acquire Abano, the company said in a statement. The latest iteration trims the indicative price that would be offered to $6.97 a share from $7.14, to reflect dividend pa...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
Contact Energy kicks off earnings season
Staff reporters | Mon, 15 Aug 2022

Contact Energy kicked off earnings season today, telling shareholders its annual profit had dipped 2.6% from 2021, and a $300 million investment into a new geothermal power station is on the way.

Transport
Aucklanders must get out of cars, onto public transport, says emissions plan
Oliver Lewis | Mon, 15 Aug 2022

Auckland council has unveiled its pathway to reduced transport emissions.

Law & Regulation
Address climate change now, supreme court told
Victoria Young | Mon, 15 Aug 2022

Fonterra, Genesis and others face climate change activist Mike Smith.

Sponsored
Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.

Sponsored
A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.