India’s Fortis Healthcare is considering launching a counter-offer for Singapore-based hospital chain Parkway Holdings and is discussing financing options with Singapore state investment firm GIC.
Last Thursday, Malaysian sovereign wealth fund Khazanah offered $3.78 a share in cash for 313 million shares of Parkway, which would expand its stake to 51.5% from 23%, in a bid for control of Parkway, potentially pitting it against Fortis in a battle for Singapore’s largest private healthcare provider. The offer of $3.78 is 25% more than earlier closing price of $3.02 for Parkway, which is currently still halted from trading.
Shares of Parkway, listed on the Singapore stock exchange since 1975, have climbed 3.4% this year. The stock more than doubled in 2009. I am still and will still hold onto Parkway shares at least for now.
Parkway Race: Fortis, GIC look to counter Malaysian Co Khazanah [via]
Subscribe to:
Post Comments (Atom)
-
The Belt and Road Initiative is envisioned to enhance connectivity across continents through infrastructure investment, cultural exchange a...
-
Installed FortiClient recently but the challenge in disabling the application/service from running automatically on every start-up annoyed m...
-
To coincide with the current movie screening of Disney's Dumbo, I present you the main song for Dumbo. Enjoy! Lyrics Baby mine, do...
-
Ever getting annoyed by strangers adding you in some random WhatsApp groups? I feel for you! WhatsApp is rolling out a new feature gradual...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.