British medical property owner REIT Assura has agreed to a 1.61 billion pound ($2.06 billion) takeover bid from KKR and Stonepeak Partners, after rejecting a lower cash-and-stock proposal from peer Primary Health Properties. Assura joins a growing list of UK companies bought out and taken private by overseas private equity firms or investment companies, attracted by cheap valuations. KKR and Stonepeak understand that Assura’s capital-intensive strategy can be more effectively supported through private ownership, enabling sustained capital investments without the need for asset sales, the statement said.
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Source: https://finance.yahoo.com/news/uks-assura-agrees-2-06-062137324.html