2257 GMT - Macquarie says Monash IVF's share price appears close to fair value, as the in vitro fertilization specialist waits to see if Genesis Capital and Washington H. Soul Pattinson bid again. Monash IVF ended Thursday at A$0.865, above the consortium's A$0.80/share offer that was rejected. Monash IVF said the bid materially undervalues the company. However, Macquarie points out that while the consortium's offer is lower relative to past deals in the sector, the outlook for IVF has changed since 2022. "Incidents have potentially weighed on customer acquisition and triggered greater regulatory scrutiny, likely increasing compliance costs as additional safeguards are implemented," Macquarie says. Aggressive competition from unlisted peers, especially in Victoria state, adds pressure. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
December 04, 2025 17:57 ET (22:57 GMT)
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