Fisher Funds says takeover bid undervalues Abano

Mon, 14 Oct 2013

By Paul McBeth Oct. 15 (BusinessDesk) - Fisher Funds Management, which took over Tower Investments earlier this year, says a takeover bid for Abano Healthcare Group undervalues the specialist medical investor. Abano is facing a potential takeover bid by biggest shareholder and former director Peter Hutson, Australian private equity firm Archer Capital and investor James Reeves, valuing the firm at about $131.4 million, though no formal offer has been made. As part of the deal, Hutson, who is a co-investor with Abano in its Bay Audiology uni...

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