Abano faces takeover bid after rejecting unsolicited offer

Tue, 06 Aug 2013

By Paul McBeth Aug 7 (BusinessDesk) - Abano Healthcare, which last week reported a 75 percent jump in annual profit, faces a takeover bid after turning down an offer north of its current $100.2 million market price from an unnamed party alongside director Peter Hutson. The Auckland-based company received and rejected an unsolicited non-binding indicative offer from a third party seeking to invest and operate in the Australasian dental sector, the company said in a statement. The proposal was presented in conjunction with Hutson, who owns abo...

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