Stewart, Royston Hospital Trust sew up control of Wakefield Health with partial takeover

Tue, 24 Jul 2012

By Paul McBeth July 25 (BusinessDesk) - A joint venture between Stewart family's interests and the Royston Hospital Trust Board has pre-emptively sewn up control of Wakefield Health in a partial takeover bid for the private health service provider. The Stewart family and Royston each own 19.99 percent of Wakefield and have agreement with AMP Capital Investors (New Zealand) to acquire enough of the fund manager’s holding to hold 50.01 percent via their JV investment vehicle, Austron, according to the notice of takeover. The $6-a-share offer v...

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