Archer-led bid undervalues dental and ignores other units, Abano MD Clarke says

Fri, 20 Sep 2013

By Paul McBeth Sept. 20 (BusinessDesk) - A potential takeover bid of Abano Healthcare led by private equity firm Archer Capital and involving former director Peter Hutson significantly undervalues the targeted dental business and completely ignores the other units, says managing director Alan Clarke. Archer Capital, with Hutson, who owns about 15 percent of the specialist healthcare investor, have made an indicative offer of $6.97 a share, valuing Abano at $131.4 million. As part of the deal, an Archer-owned Abano would sell its audiology u...

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