Abano directors reiterate shareholders should reject Healthcare Partners offer

Sophie Boot
Wed, 01 Feb 2017

By Sophie Boot Feb. 2 (BusinessDesk) - The board of Abano Healthcare has reiterated its recommendation that shareholders reject a takeover offer from its biggest shareholder, saying it had gained no traction and the share price would drop if it was successful. Healthcare Partners, an entity owned by what the board has described as "dissident shareholders" Anya and Peter Hutson and James Reeves, held about 19 percent of Abano's stock when it mounted a $10-per-share offer for 50.01 percent of the healthcare company. The Hutsons and Reeves h...

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