Abano shares climb to 4-month high amid prospect of takeover bid

Tue, 06 Aug 2013

By Paul McBeth Aug 7 (BusinessDesk) - Shares in Abano Healthcare climbed to a four-month high after the specialty health clinic investor said it had batted away an unsolicited proposal from an unnamed party alongside director Peter Hutson, and now faces a potential takeover bid. The stock jumped 11 percent to $6.51 after the Auckland-based company said it received and rejected an unsolicited non-binding indicative offer north of $100 million from a third party seeking to invest and operate in the Australasian dental sector, and now faces a...

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