Connor to buy AMP Capital's Acurity stake after agreeing to issue of taxable shares

Mon, 10 Nov 2014

By Suze Metherell Nov. 10 (BusinessDesk) - Connor Healthcare, which is aiming to buy the 29 percent of Acurity Health Group it doesn't already own, has gained agreement from AMP Capital to sell into the offer, provided Acurity first makes a two-for-11 issue of taxable bonus shares. AMP Capital, a Wellington-based fund manager, has agreed to sell its 5.6 percent to Connor on the condition it can get access to Acurity's imputation credits, which would be attached to the bonus shares. Effectively AMP Capital's holding in the the hospital ope...

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