Abano confirms new takeover bid; mulls capital raising

Wed, 17 Jun 2020

Abano Healthcare confirmed media reports that BGH Capital and the Ontario Teachers’ Pension Plan have made two new takeover bids at $3 and $3.25 per share.The dental clinic operator said any offer needs to reflect the firm’s underlying value and provide shareholders certainty, noting that the bidders had backed out of an earlier deal at $5.70 per share in March when the covid-19 pandemic’s impact on financial markets was in full swing.Abano’s board is considering other options, including a capital raising of between $50...

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