Abano uses Healthcare Partners' dividend to offset takeover costs

Sun, 22 Jan 2017

By Paul McBeth Jan. 23 (BusinessDesk) - Abano Healthcare has used Healthcare Partners Holdings' interim dividend to offset the cost of a partial takeover mounted by the medical investor's biggest shareholder. Auckland-based Abano has applied the 16 cents per share interim dividend payable to Healthcare Partners, an entity owned by cornerstone shareholders Anya and Peter Hutson and James Reeves, to the mounting bill associated with the group's partial takeover offer. The board has recommended investors reject the offer. Healthcare Par...

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