Former Abano shareholders ordered to pay $429k in disputed takeover costs

Fri, 27 Apr 2018

By Paul McBeth April 27 (BusinessDesk) - Abano Healthcare's former shareholder Healthcare Partners Holdings has been ordered to pay the listed medical services investment firm $429,000 in dispute costs that arose from a failed partial takeover bid. Justice Mathew Downs today ruled in favour of Auckland-based Abano, all-but ending a five-year running dispute with what was its biggest shareholder, and ordering Healthcare Partners was liable for costs claimed. Those costs would have been higher if Abano hadn't offset the expenses by withhol...

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