BGH ups Abano offer to $5.20

Wed, 11 Nov 2020

BGH Capital and the Ontario Teachers' Pension Plan have raised their offer for Abano Healthcare by $11.8 million to $136.7 million, although the price could still be reduced after shareholders vote on the proposal which is via a scheme of arrangement.An addendum to the scheme booklet said BGH is now offering $5.20 per share, up from $4.75, and the lowest possible price shareholders could receive under the offer is now $4.45 per share.The higher offer follows Abano updating its trading performance, based on actual revenue and underlying earn...

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