JENNY RUTH: Abano shareholders asked to swallow dead rats

Tue, 01 Sep 2020

Abano Healthcare's shareholders face a difficult choice; accept a lowball takeover offer or stump up with fresh capital. The offer is being presented at $4.45 per share, but it can get ratcheted down as low as $3.70, depending on covid-19 developments, so investors can only count on getting the lower price. And the company has made it plain it will have to raise fresh capital if the offer fails. For bidders BGH Capital and the Ontario Teachers' Pension Plan, it will be a bit of a nail-biter because more than 90 percent of Abano's share...

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