Healthcare Action Continuing
| |
More action in healthcare yesterday with Sigma granting its South African suitor, Aspen, due diligence rights and & #160;Healthscope revealing that it's now the most popular girl at the dance, with two more & #160;takeover offers.Healthscope, which is our second largest & #160;private hospital operator, said both new bids were & #160;at a price of & #36;5.80 a share or & #160;higher than the existing offer of & #36;5.75 a share.The offer at a 10.9% premium to Friday's closing share price values the firm at & #36;1.84 billion.Healthscope in a statement & #160;advised shareholders to take no action and added it would take several weeks to evaluate the offer.Healthscope shares jumped & #160;5% or 26c yesterday to & #36;5.49.Last week private equity firm Blackstone Group was named as joining TPG and Carlyle in their bid at & #36;5.75 a share. & quot;The company has, since close of trade on Friday, May 28, received two additional indicative and non-binding proposals to acquire all of the issued capital of Healthscope for cash consideration by scheme of arrangement,'' Healthscope said in yesterday's & #160;statement.''Both of these proposals were at a price of & #36;5.80 per share.''Healthscope said it's allowing the new bidders to review its financial statements and records.It is not known if the new offer or offers come from US buyout group, Kohlberg Kravis Roberts & #38; Co, which has been reported as readying an offer.Healthscope shares are up more than 20% since first announcing a takeover approach was made on May 14.The company hasn't given the names of any of its bidders.Healthscope owns or operates 43 hospitals in Australia, including the Prince of Wales Private Hospital in Sydney's eastern suburbs and Melbourne Private Hospital in the heart of the city.It also runs the Gribbles pathology chain in Australia, New Zealand, Malaysia, Singapore and Mauritius.And Sigma Pharmaceuticals said yesterday & #160;it had & #160;entered a confidentiality agreement with Aspen Pharmacare Holdings, which has made a & #36;707 million offer to buy the ailing local group.Under the agreement, Aspen will be allowed to conduct due diligence, while & #160;Sigma & #160;has also agreed not to solicit rival offers for the next four weeks of limited exclusivity.The company said it continued to recommend that shareholders take no action on Aspen's bid.Sigma said the & #160;due diligence process might result in a formal proposal from Aspen.Sigma announced on May 21 that it had received a non-binding, indicative and conditional proposal for all of its shares at 60 cents each, which would value Sigma at about & #36;707 million.Sigma confirmed on May 24 that the party attempting to buy the company was Aspen.Sigma & #160;shares closed & #160;53c, up 7%, or 3.5c. & #160;
|
|
|
Sydney
[ Change ]
Today
 Min: 13° Max: 20° Possible morning shower.
Tomorrow
Min: 12° Max: 20° Possible shower.
Account
Login
To access your account and listings
| |
|
|
| |
|
|
| |
|
|
| |
Daniel Kertcher established Platinum Pursuits in 2001 as a vehicle in which to share his knowledge of strategies to use the financial markets to grow wealth, with the aim of achieving financial freedom by making your money work for you.
His argument is that until you become financially literate and develop a method where you're able to get a reasonable return on your capital (i.e. making your money work for you), you will instead be forever working hard for your money.
Daniel Kertcher personally achieved financial freedom at a relatively young age, through his knowledge of property and then financial markets investing. Through using Options and leveraged instruments such as CFDs, Daniel developed a system to trade the markets where he could benefit from the leverage when the trade went in the direction he predicted, and hedged his positions so that there was a limited downside risk.
Some people in the past have criticised Daniel's message of striving for financial freedom in a high-risk environment such as trading derivatives. However, it is not Daniel's or Platinum Pursuits' goal to encourage everyone to trade the financial markets. Every kind of investing contains an element of risk, so this level of education is aimed specifically for those who want an understanding of professional trading techniques and strategies that they hope to apply to their own capital, and it is absolutely true that many people are not yet in a position to invest a chunk of their savings.
To be truly financially literate, it can pay to explore all the options available when you are in a position to try to get ahead in life. Daniel currently presents free introductory seminars nationally on selected dates from February to November. |
| |
| | |
Find Hunter Valley accommodation online
|
