financetom
Business
financetom
/
Business
/
UK's Assura shareholders back PHP's bid over KKR's cash offer
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
UK's Assura shareholders back PHP's bid over KKR's cash offer
Aug 12, 2025 10:21 AM

Aug 12 (Reuters) - Primary Health Properties ( PHPRF ) said on Tuesday it

had secured acceptances for 62.9% of Assura shares in its takeover bid

for the British healthcare real estate investor, a rare show of investor support

in the UK markets amid a wave of private equity buyouts in the recent past.

U.S.-based private equity firm KKR and PHP had been locked in a

months-long battle for Assura before the British company's board backed PHP's

higher bid in June.

On Tuesday, PHP confirmed that all remaining conditions tied to its revised

$2.4 billion cash-and-stock offer for Assura have now been satisfied, implying

that PHP can now proceed with the acquisition.

The successful bid from London-listed PHP marks a rare vote of

confidence in the UK's public markets after a string of firms have agreed to

cash bids from private equity buyers in the past two years.

Analysts at Shore Capital said the completion of the deal was "not only

a victory for the company but also one for critical UK infrastructure, the UK

stock market, the delivery of healthcare in the British Isles and society at

large.

Assura, which manages over 600 healthcare properties and whose customers

include Britain's state-backed National Health Service, on Friday reiterated its

support for PHP's takeover bid despite rival suitor KKR urging it to back the

U.S. company's offer.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Update: Tesla Requests Lower EU Tariff Rate on EVs Shipped From China
Update: Tesla Requests Lower EU Tariff Rate on EVs Shipped From China
Jun 12, 2024
02:08 PM EDT, 06/12/2024 (MT Newswires) -- (Updates with further details from third paragraph onwards, and attempt to reach out to Tesla in the last paragraph.) Tesla (TSLA) has asked the European Union for an individual examination that could result in the company receiving an individually calculated duty rate below the average rate of 21% applied to carmakers that cooperated...
Apple Overtakes Microsoft as Most Valuable Company Amid AI Push
Apple Overtakes Microsoft as Most Valuable Company Amid AI Push
Jun 12, 2024
02:04 PM EDT, 06/12/2024 (MT Newswires) -- Apple ( AAPL ) once again became the world's most valuable company Wednesday, overtaking Microsoft ( MSFT ) , amid a rally in the iPhone maker's shares following the announcement of its long-awaited artificial intelligence strategy earlier this week. Apple ( AAPL ) shares were up 4.8% at $217.10 as of 1:40 pm...
Update: Ultragenyx, Mereo BioPharma Shares Rise as Bone Disorder Drug Shows Reduced Fracture Rate
Update: Ultragenyx, Mereo BioPharma Shares Rise as Bone Disorder Drug Shows Reduced Fracture Rate
Jun 12, 2024
02:05 PM EDT, 06/12/2024 (MT Newswires) -- (Updates with stock movements in the headline and first paragraph) Ultragenyx Pharmaceutical ( RARE ) shares rose 7.5% and Mereo BioPharma Group ( MREO ) climbed 5.3% in recent Wednesday trading, a day after the companies said setrusumab was found to benefit patients with a genetic bone disorder. Results from the phase 2...
Blue Star Foods Regains Compliance With Nasdaq Listing Rules
Blue Star Foods Regains Compliance With Nasdaq Listing Rules
Jun 12, 2024
02:05 PM EDT, 06/12/2024 (MT Newswires) -- Blue Star Foods ( BSFC ) said Wednesday it was informed by Nasdaq that it has regained compliance with the stock exchange's minimum bid price and minimum stockholders' equity requirements for listing. Despite regaining compliance, Blue Star will be subject to a one-year discretionary panel monitor until June 11, 2025, the company said....
Copyright 2023-2026 - www.financetom.com All Rights Reserved