UPDATE – No deal, say Abano rebel shareholders to buyout bid

Mon, 14 Apr 2014

April 14 (BusinessDesk) – The brinksmanship between Abano Healthcare Group and two shareholders owning 19 percent of the company continues, with 15 percent shareholder Peter Hutson rejecting a bid from Abano for the 50 percent of Bay International that he owns. Abano owns the other half of Bay, a chain of audiology businesses, and is offering $12.9 million in an unconditional cash offer, which the company says would resolve “all current management, governance and ownership issues.” However, a spokesman for Hutson and fellow rebel shareholder...

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