Abano hires Grant Samuel to assess Healthcare Partners offer which is unattractive on preliminary view

Sun, 13 Nov 2016

By Jonathan Underhill Nov. 14 (BusinessDesk) - Abano Healthcare Group has hired Grant Samuel to assess a partial takeover offer from dissident shareholders Anya and Peter Hutson and James Reeves, which the board says is not in the best interests of other investors based on its preliminary view. The group wants to buy 30.99 percent of the company, or 6.65 million shares, at $10 apiece to build a controlling 50.01 percent stake in Abano, via a new entity they've set up called Healthcare Partners Holdings. Hutson and Reeves have been lobbyin...

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