Hutson fails to respond to Abano buyout offer, takeover ‘rife with insider elements’

Wed, 16 Oct 2013

Oct. 17 (BusinessDesk) – Abano Healthcare says shareholder Peter Hutson has failed to respond to its offer to buy his half stake in their audiology venture and his alternative proposal to take over the specialist medical investors is “rife with insider elements.” Abano had offered a ‘buy/sell’ mechanism to Hutson and his associated interests under which they would nominate the price for a 50 percent shareholding in Bay International Limited, and Abano would choose whether to buy the Hutson interest or sell its own half share at that nominated...

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