Apex Healthcare Advisers Recommend Shareholders Accept Privatization Offer

MT Newswires Live12-08

Apex Healthcare (KLSE:AHEALTH) said its advisers deem the takeover offer to be "fair and reasonable" and advised the shareholders to accept it, according to a Monday circular issued on Bursa Securities.

A consortium led by private equity firm Quadria Capital and the company's CEO, Kee Kirk Chin, offered to acquire the remaining shares of the pharmaceutical company.

The advisers said the offer price of 2.64 ringgit per share represents a premium of about 16.81% to 25.12% to the estimated fair value per company share and historical market prices.

The offer is also reasonable considering that its shares were illiquid, the filing said.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment