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...

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