British healthcare real estate investor Primary Health Properties (PHP) has offered to buy peer Assura for about 1.68 billion pounds ($2.23 billion), outbidding rival U.S. suitors KKR and Stonepeak Partners. Assura agreed to a 1.61 billion pound takeover bid from private investment firms KKR and Stonepeak Partners in early April, after rejecting a lower bid from PHP. UK-based Assura said its board was reviewing the new offer from PHP and advised shareholders to take no action.
Read the full article: Assura Takeover Battle Heats up as UK Peer PHP Outbids US Suitors //
Source: https://uk.finance.yahoo.com/news/assura-takeover-battle-heats-php-124630138.html