New Abano offer near bottom of valuation range

Tue, 20 Oct 2020

The highest price that could be paid to take over Abano Healthcare is 5 cents above the bottom of the independent valuer's range, but the actual price could end up being as much as 70 cents lower.The new price of $4.75, which could be ramped down to $4 in certain circumstances, values Abano at $124.8 million.Its independent adviser, Calibre has valued Abano shares at $4.70 to $5.50 each, down from their earlier valuation published in February of $5.29 to $5.92.The bidders, BGH Capital and the Ontario Teachers' Pension Plan, withdrew the...

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