Connor Healthcare boosts Acurity take over offer to 38 percent premium on last share price

Tue, 26 Aug 2014

By Suze Metherell Aug. 26 (BusinessDesk) - Acurity Healthcare Group's independent directors have unanimously accepted Connor Healthcare's takeover offer for the 29 percent of the company it doesn't own, after Connor boosted its offer by 75 cents per share to $7.25 a share. Connor, which is made up of Acurity's three largest shareholders, upped its offer from $6.50 per share offer on July 25. The revised offer price sits in the middle of the $6.69 to $7.75 per share price determined in the independent valuation conducted by Korda Mentha, a...

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