KKR rules out bid for hospital operator NMC Health | Financial Times:
The US buyout group KKR has said it will not bid for the embattled FTSE 100 company NMC Health, which said yesterday that the private equity firm had made a “highly preliminary approach” about a possible deal.
KKR “has not made a proposal nor discussed with NMC the terms of any possible offer” and “does not intend to make an offer for NMC,” it said in a statement.
NMC rallied sharply on Monday after disclosing that two potential bidders had made inquiries. In Tuesday trading, NMC shares dropped 14 per cent to 800p on the news, giving up some of their gains from Monday.
Monday’s announcement was made as the company forced its founder BR Shetty and another top shareholder, Khalifa al-Muhairi, to step back from the board, after the size of their stakes in the company were incorrectly reported.
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