Abano to sue biggest shareholder for takeover costs

Wed, 19 Apr 2017

By Paul McBeth April 20 (BusinessDesk) - Abano Healthcare Group will sue its biggest shareholder Healthcare Partners Holdings for unpaid costs stemming from the investor's latest attempt to wrest control of the medical services investor. The Auckland-based company today kicked off legal proceedings in the High Court over $566,000 in unpaid costs arising from Healthcare's failed partial takeover bid, having incurred a $1 million bill over the tilt, it said in a statement. Abano offset those costs by withholding an interim dividend due to...

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