Spire Healthcare Shareholders Likely to Accept Toscafund Consortium Takeover Offer
Dow Jones
Sep 07
1330 GMT - Spire Healthcare shareholders are likely to accept the 1.03 billion-pound takeover offer from the Toscafund consortium, RBC analysts Natalia Webster and Charles Weston write. The U.K. hospital operator agreed to the 250 pence-a-share offer after months of talks between the companies. RBC cuts its target price on the stock to match the offer price, and lowers its rating to sector perform from outperform. Its previous target price was 300 pence. Shares are up 3.15% at 245.50 pence and 47% higher over the year to date.
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