(Adds context, chairman quote)
Nov 19 (Reuters) - Regis Healthcare Ltd's (REG) top shareholder and Australian investment firm Washington H. Soul Pattinson and Co (SOL) on Thursday offered to buy the struggling old-age home operator for A$556.4 million ($405.84 million).
Washington H. Soul said it and Ashburn Pty Ltd are offering A$1.85 per share, a premium of 25.4% to Regis' last closing price. Ashburn owns 27.2% of Regis.
"Given the regulatory uncertainty and funding challenges currently facing the aged care industry, WHSP believes that Regis' long-term prospects will be best served in a privately owned setting," said Rob Millner, chairman of Washington H. Soul.
Regis' stock has lost about 40% in value year-to-date as the COVID-19 pandemic has pushed costs higher and led to several infections at its old-age homes.
The company, which earlier reported a 54% drop in underlying net profit after tax for the full year, had net debt of A$236.7 million as of June 30.
Regis did not immediately respond to a request for comment. ($1 = 1.3710 Australian dollars)
- Forums
- ASX - By Stock
- SOL
- News: SOL UPDATE 1-Australian aged-care firm Regis gets $406 mln offer from shareholder, investment...
News: SOL UPDATE 1-Australian aged-care firm Regis gets $406 mln offer from shareholder, investment...
-
- 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)
Featured News
Add SOL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$33.59 |
Change
-0.040(0.12%) |
Mkt cap ! $12.12B |
Open | High | Low | Value | Volume |
$33.70 | $33.75 | $33.48 | $4.334M | 129.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 271 | $33.59 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$33.60 | 495 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 439 | 33.580 |
8 | 1463 | 33.570 |
14 | 1982 | 33.560 |
7 | 395 | 33.550 |
3 | 261 | 33.540 |
Price($) | Vol. | No. |
---|---|---|
33.600 | 549 | 11 |
33.610 | 149 | 3 |
33.620 | 326 | 5 |
33.630 | 200 | 4 |
33.640 | 116 | 2 |
Last trade - 14.46pm 09/07/2024 (20 minute delay) ? |
Featured News
SOL (ASX) Chart |