KKR rules out bid for hospital operator NMC Health | Financial Times:
US private equity group KKR made a swift and strongly worded retreat after the embattled FTSE 100 hospital operator NMC Health said the buyout group was in the early stages of considering a bid for it.
KKR published a statement on Tuesday saying it “has not made a proposal nor discussed with NMC the terms of any possible offer” and “does not intend to make an offer” for the company.
NMC shares rallied sharply on Monday after it said it had received “highly preliminary approaches” from KKR and another group, GK Investment. In Tuesday trading, after KKR’s response, NMC shares dropped 16 per cent to as low as 761p, giving up some of the previous day’s gain.
NMC’s announcement about KKR’s interest was made alongside a separate statement that it had asked its founder BR Shetty and another top shareholder, Khalifa al-Muhairi, to step back from the board as the size of their stakes in the company may have been incorrectly reported.
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