News: EHE Estia Health Says Revised Non-Binding Proposal From Bain Capital And Entry Into Process...

June 7 (Reuters) - Estia Health Ltd (EHE) :

• REVISED NON-BINDING PROPOSAL FROM BAIN CAPITAL AND ENTRY INTO PROCESS DEED
• REVISED NON-BINDING PROPOSAL FROM BAIN CAPITAL AT A$3.20 CASH PER SHARE, TO BE REDUCED BY CASH AMOUNT OF FUTURE DIVIDENDS
• ESTIA HEALTH IS PERMITTED TO PAY ORDINARY DIVIDENDS OF UP TO A$0.12 CASH PER SHARE
• BOARD DETERMINED IN INTERESTS OF SHAREHOLDERS TO PROGRESS REVISED PROPOSAL AND ALLOW BAIN CAPITAL TO UNDERTAKE FURTHER DUE DILIGENCE
• INTENDS TO UNANIMOUSLY RECOMMEND ESTIA HEALTH SHAREHOLDERS VOTE IN FAVOUR OF POTENTIAL TRANSACTION IN ABSENCE OF SUPERIOR PROPOSAL