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Abano steps up pressure on bidders over audiology unit price

Mon, 07 Oct 2013

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By Paul McBeth Oct. 8 (BusinessDesk) - Abano Healthcare, the specialist medical investor, is calling on a consortium mounting a hostile takeover bid to put a price on the audiology unit it plans to dump for a nominal value if the acquisition succeeds. The healthcare firm’s board has requested the bidders, made up of the company’s biggest shareholder and former director Peter Hutson, Australian private equity firm Archer Capital and investor James Reeves, name how much Hutson would pay for Abano’s half-stake in Bay International and are offe...

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