FMA drops claim against Abano bidders Archer Capital and Healthcare Industry

Fri, 15 Jul 2016

By Paul McBeth July 15 (BusinessDesk) - The Financial Markets Authority has dropped civil proceedings against private equity firm Archer Capital and Abano Healthcare shareholder Peter Hutson over the way they pursued a takeover of Abano in 2013. The market watchdog filed papers against Archer and Hutson's Healthcare Industry vehicle in late 2014, claiming they should have notified the market of their plans to pursue a takeover of Abano earlier than they did. The FMA today said it will discontinue those proceedings and that the defendants...

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