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PRIVATE CONSORTIUM BIDS FOR AUSTRALIA'S SYMBION HEALTH.
SYDNEY, May 1 Asia Pulse - Pathology, medical centres and drugs distributor Symbion Health Ltd (ASX:SYB) has received an unsolicited takeover proposal from a private equity consortium valuing the company at $A2.78 billion ($US2.3 billion).
The offer, from a consortium comprising rival Healthscope Ltd, Ironbridge Capital and Archer Capital, is "incomplete and non-binding", Symbion said.
It said talks with the consortium in relation to the offer, which values it at $4.30 per share, are preliminary.
"These discussions are preliminary and incomplete and no agreement has been reached in relation to the proposal," a statement from the company said.
"There is no certainty that agreement will be reached at any future time, or that a formal offer or proposal will be put to Symbion Health shareholders."
The proposal provides for Healthscope to acquire all of Symbion Health shares on issue by way of a scheme of arrangement in exchange for cash and Healthscope shares, valued at ...
- AUSTRALIA'S HEALTHSCOPE OFFERS US$2.34 BLN FOR SYMBION HEALTH.
- News wire article from: AsiaPulse News May 29, 2007 700+ words
...cash and scrip takeover offer for Symbion Health Ltd (ASX:SYB), valuing the...and $A4.50 ($US3.68) per Symbion Health share, inclusive of any Symbion...is $A4.42 ($US3.62) per Symbion Health share, valuing the bid at $A2...
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- News wire article from: AsiaPulse News May 1, 2007 700+ words
...medical centres and drugs company Symbion Health Ltd (ASX:SYB). Symbion...Healthscope would acquire all of Symbion Health shares on issue by way of a scheme...synergies from a combination of Symbion Health and Healthscope's separate pathology...
- AUSTRALIA'S SYMBION HEALTH POSTS FLAT FIRST HALF PROFIT.(Financial report)
- News wire article from: AsiaPulse News February 15, 2008 700+ words
...15 Asia Pulse - Takeover target Symbion Health Ltd (ASX:SYB) has booked a...represents around 10 per cent of Symbion Health's earnings, faced a challenging...obtaining a relevant interest in Symbion Health of greater than 50.1 per cent...
- AUSTRALIA'S SYMBION HEALTH POSTS US$45 MLN H1 PROFIT.(Financial report)
- News wire article from: AsiaPulse News February 28, 2007 700+ words
...Asia Pulse - Healthcare group Symbion Health Ltd (ASX:SYB) is expecting...In relation to the full year, Symbion Health expects full year 2007 growth...in the first half of 2007," Symbion said. Symbion said that its pathology...
- SYMBION HEALTH REPORTS FIRST HALF NET LOSS.
- News wire article from: AsiaPulse News March 16, 2006 700+ words
...Asia Pulse - Healthcare company Symbion Health Ltd (ASX:SYB) expects its...Group, Mayne Group was renamed Symbion Health and a new management team came...higher during the second half. "Symbion Health expects an increase in continuing...
- COUNTER-BIDS TIPPED FOR AUSTRALIA'S SYMBION HEALTH.
- News wire article from: AsiaPulse News May 2, 2007 700+ words
...medical centres and drugs company Symbion Health Ltd (ASX:SYB) could emerge...Healthscope would offer to acquire all Symbion Health shares in return for cash and Healthscope shares, valuing Symbion at $4.30 per share. If the...
- AUSTRALIA'S SIGMA, CARNEGIE WYLIE BID FOR PART OF SYMBION HEALTH.
- News wire article from: AsiaPulse News June 19, 2007 700+ words
...pharmacy services divisions of Symbion Health Ltd (ASX:SYB) for an enterprise...consumer and pharmacy businesses of Symbion Health Ltd," Sigma said today. "The...currently being considered by the Symbion board and there is no certainty...
- ACCC accepts pathology business divestitures in Healthscope Limited/Symbion...
- Press release article from: M2 Presswire August 15, 2007 700+ words
...pathology business divestitures in Healthscope Limited/Symbion Health Limited merger(C)1994-2007 M2 COMMUNICATIONS...oppose Healthscope Limited's proposed merger with Symbion Health Limited after accepting an undertaking from Healthscope...
