It was the anethatist that I was upset about. Really ripped. Understand completely why people are going public.
KKK and Barrenjoey their bagmen in Australia for the RHC takeover, debt and Co/Prop arranging are appearing with increasing frequency in the Private Schoolboys Gazette, the AFR.the complexity of the deal might see it take a while. And is there any likelihood of a second bidder? RHC closed at $64.39 last night
In response to the recent media speculation, Ramsay Health Care Limited (RHC) confirms that it has received a conditional, non-binding, indicative proposal from a consortium of financial investors led by KKR to acquire 100% of the shares in Ramsay by way of a scheme of arrangement.
Under the Indicative Proposal, Ramsay shareholders would be entitled to receive A$88.00 per share cash, less any ordinary or special dividends paid to shareholders after the date of the Indicative Proposal (including the ordinary dividend of $0.485 per share paid on 31 March 2022). Ramsay shareholders would have the option to receive part of the consideration in unlisted scrip in the Consortium holding entity.
If the scheme of arrangement were implemented, Ramsay would be permitted to pay a fully franked special dividend to distribute all available franking credits to shareholders. The franking account balance as at 31 December 2021 (prior to the payment of the FY22 Interim Dividend) was $823 million.
The Indicative Proposal is subject to a number of conditions, including (but not limited to):
• completion of satisfactory due diligence;
• no disposal of any of Ramsay’s subsidiaries or properties;
• final approval of the Consortium’s investment committee;
• entry into a scheme implementation deed on customary terms and conditions;
• regulatory approvals (including Foreign Investment Review Board); and
• Ramsay shareholder approval.
Another +10 % down today.KKR has pulled its $88 a share all-cash offer Ramsay Health Care, and told the company it would like to discuss its alternate proposal in more detail.
.... consortium of deep-pocketed funds and having been unable to gain access to due diligence at Ramsay’s operations in France, wants to acquire Ramsay’s Australian operations and spin its 52.8 per cent holding in France’s Ramsay Sante back to Ramsay investors.
....... down about 7%, to under $68
Did u predict KKR bid was a stunt ?Predictably following KKR taking their bid away RHC has fallen over 10% this morning.
I'm surprised the volume is not a bit higher.
Who knows, there may be a plan B.
gg
From KKR: Ramsey Health, one of the leading healthcare companies, has recently embarked on its largest and most expensive project - its digital strategy. However, there are growing concerns about the project's success as it has been reported that the project is staffed with inexperienced team leads. This raises questions about the project's performance and the potential impact on the company's stock price. Investors should closely monitor the situation and evaluate the potential risks and rewards before making any investment decisions related to Ramsey Health's stock.
They brought bankers so as to know the market rates to pay for the real digital experts to lift the game.Apparently they brought in a team of bankers? Instead of digital health experts
Ramsay Health Care (ASX:RHC) had finally sold its Malaysian and Indonesian hospitals owned in partnership with Malaysian conglomerate Sime Darby for 5.7 billion ringgit or $A1.9 billion.Who knows, there may be a plan B.
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