Abano shares valued at $8.30-$10.05 by Grant Samuel, exceeding Archer price

Mon, 25 Nov 2013

Nov. 26 (BusinessDesk) - Abano Healthcare is worth $8.30 to $10.05 a share for 100 percent of the company, a premium of as much as 46 percent to recent trading and well north of the takeover price proposed by Archer Capital and shareholders Peter Hutson and James Reeves, Grant Samuel says. The healthcare investor released the adviser’s report at its annual meeting, saying the Archer consortium’s indicative price range of $6.97 to $7.14 a share “significantly undervalues” Abano and its portfolio of businesses and it said there are rival opport...

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