Acurity board tells shareholders to sit tight as Connor Healthcare reviews takeover

Tue, 19 Aug 2014

By Suze Metherell Aug. 20 (BusinessDesk) - Acurity Healthcare Group's independent directors committee says Connor Healthcare is reviewing its takeover offer for the 29 percent of the company it doesn't own, including the price, and that shareholders should wait for the committee's report before trading shares. Connor, which is made up of principal Acurity shareholders the Stewart family, Royston Hospital Trust Board, and Evolution Healthcare, announced plans for a cash takeover bid on July 28, offering $6.50 per share and valuing the priv...

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