Acurity Health takeover offer 13 percent below bottom end of adviser's value range

Fri, 17 Aug 2012

By Paul McBeth Aug. 17 (BusinessDesk) - Acurity Health Group, the private hospital operator formerly known as Wakefield Health, is worth at least 13 percent more than the $6-a-share offer by its two biggest shareholders, according to the independent adviser's report. The board of Acurity unanimously recommends shareholders don't accept the offer, which is "materially below the independent adviser's assessed value range for Acurity shares of $6.92 to $7.88," they said in a statement. The caveat on that is if investors have a short-term goal o...
Primary Sector
$25m for Milford tunnel as Southland gets pre-election funding
Brent Melville | Thu, 16 Jul 2020

The Homer Tunnel, a transport lifeline into and out of Milford Sound, Fiordland, will receive a $25 million upgrade as part of a swathe of pre-election government investment into Southland that also i...

Economy
Cheaper petrol, accommodation through lockdown tames inflation
Paul McBeth | Thu, 16 Jul 2020

Cheaper petrol and accommodation slowed the annual pace of inflation through the covid-19 lockdown, more than offsetting price spikes in other consumer goods. The consumers price index shrank 0.5 p...

Retail
Delegat profits up 37%
Victoria Young | Thu, 16 Jul 2020

Wine maker Delegat Group's unaudited profit after tax for the year to June 30 rose 37 percent to $64.1 million, the company reported. The figure includes fair value movements in its vines and deriv...