(Adds details on Australian competition regulator in paragraph 2, ACL quote in paragraph 4)
Dec 15 (Reuters) - Australian Clinical Labs (ACL) said on Friday it intends to withdraw its takeover bid for buy Healius Limited (HLS) , citing a "significant" deterioration in the performance of the medical center operator since the offer was announced.
Earlier in the day, the Australian competition regulator decided to oppose Australian Clinical Labs' A$1.52 billion ($1.02 billion) buyout offer, as it is likely to result in a substantial lessening of competition in pathology services markets in the country.
Australian Clinical Labs noted a 45% slide in Healius' share price since announcement of the deal on March 20 and that its board was concerned for the latter's half-year results.
"The ACL Board is concerned based on the 1H Guidance that Healius is at risk of a significant statutory NPAT loss in 1H FY24," the company said in a statement.
Healius in November forecast its earnings before interest and tax for the first-half to be between A$14 million and A$17 million.
($1 = 1.4932 Australian dollars)
News: ACL UPDATE 1-Australian Clinical Labs to withdraw its $1 bln offer to buy Healius
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ACL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.47 |
Change
0.010(0.41%) |
Mkt cap ! $498.5M | |||
| Open | High | Low | Value | Volume |
| $2.50 | $2.55 | $2.47 | $188.7K | 76.01K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1242 | $2.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.48 | 4951 | 19 |
View Market Depth
| Last trade - 11.38am 29/04/2024 (20 minute delay) ? |
|
|||||
|
Last
$2.48 |
Change
0.010 ( 0.55 %) |
||||
| Open | High | Low | Volume | ||
| $2.49 | $2.49 | $2.46 | 15815 | ||
| Last updated 11.57am 29/04/2024 ? | |||||
| ACL (ASX) Chart |