CORRECT: Abano offered three times book value for Bay International stake

Tue, 26 Apr 2016

(Corrects reference to Peter Hutson in second paragraph) By Jonathan Underhill April 27 (BusinessDesk) - Abano Healthcare says it has received an unsolicited approach to buy the listed medical and dental centre investor's 50 percent stake in audiology company Bay International for almost three times book value. The Auckland-based company said the non-binding proposal was from "an international hearing device manufacturer" which it didn't identify. The other half of Bay International is owned by interests associated with Peter Hutson, w...

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