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UK's Assura in talks with KKR consortium for $2.08 billion offer
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UK's Assura in talks with KKR consortium for $2.08 billion offer
Mar 10, 2025 1:10 AM

March 10 (Reuters) - British healthcare real estate

investment trust Assura on Monday said it will likely

consider a 1.61 billion pounds ($2.08 billion) offer from KKR

and Stonepeak Partners, after rejecting four previous

offers from another KKR-led consortium.

In February, KKR and pension fund Universities

Superannuation Scheme (USS) said they had made four indicative,

non-binding proposals to Assura, the last of which was at 48

pence per share, which was rejected by the British company's

board.

Monday's offer of 49.4 pence per share from KKR and

investment firm Stonepeak is at a 31.9% premium to the closing

share price on February 13 when the previous offer was made and

is at a 21.3% premium to Friday's close.

About the latest offer made by KKR and Stonepeak, Assura

said the board has decided to engage in discussions with the

consortium and to allow it to complete a limited period of

confirmatory due diligence.

In February, when Assura rejected the offer from KKR and

USS, a source familiar with the situation had told Reuters that

any future attempt would likely be an independent one as USS

backed out.

($1 = 0.7742 pounds)

($1 = 0.7747 pounds)

(Reporting by Chandini Monnappa in Bengaluru; Editing by Janane

Venkatraman and Mrigank Dhaniwala)

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