NMC Health gets preliminary offers, says co-chair's stake under legal review - Reuters

NMC Health gets preliminary offers, says co-chair's stake under legal review - Reuters:

NMC Health (NMC.L) said on Monday it has received two preliminary approaches from private equity firms and that the shareholdings of its co-chair and two other major investors were under a review for inaccurate disclosures.

The offers from U.S.-based KKR (KKR.N) and GK Investment for the UAE-based healthcare group sent its shares up 11% in early deals and came weeks after it faced a short-selling attack from Muddy Waters.

NMC said no discussion have taken place on the terms of any potential offer. KKR did not immediately respond to a request for comment, while GK Investment could not be immediately reached.

Separately, NMC said co-chairman B. R. Shetty and his advisers are reviewing interests held by him and two other major shareholders - Khaleefa Al Muhairi and Saeed Al Qebaisi - for historical inaccuracy.