JSE and London-listed international hospital operator Mediclinic has rejected a joint takeover offer from Remgro and SAS Shipping Agencies Services Sarl, saying it undervalues the group. MoneywebNews
JSE- and London-listed international hospital operator Mediclinic has rejected a takeover offer from Remgro and SAS Shipping Agencies Services Sarl, the group confirmed in a Sens statement on Thursday. The group, which has operations in South Africa, Europe and the Middle East, said the “unsolicited” offer of 463 UK pence per share significantly undervalues Mediclinic.
Read:Hospitals: Reopening trade overlooked by investors? “The board of Mediclinic confirms that, on 26 May 2022, it received an unsolicited and conditional proposal from the consortium, concerning a possible cash offer to acquire the entire issued and to be issued ordinary share capital of Mediclinic not already owned by Remgro at 460 pence per share plus the Mediclinic proposed final dividend for the financial year ended 31 March 2022 of 3 pence per share.
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