Abano's dissident shareholders to exit in discounted block trade

Paul McBeth
Wed, 16 Aug 2017

By Paul McBeth Aug. 16 (BusinessDesk) - Abano Healthcare is set to see the backs of dissident shareholders Peter and Anya Hutson and James Reeves, who plan to dump their collective 19 percent stake in the medical specialist investor for about $36.7 million. Healthcare Partners, the vehicle the Hutsons and Reeves used to mount a failed partial takeover bid for Abano, will sell almost 4.1 million shares at $8.85 apiece and 817,000 tradeable rights for 70 cents each, through a block trade managed by First NZ Capital, NZX filings show. The b...

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