what reuters have to say MELBOURNE, Sept 8 (Reuters) - Shares in Australia's top
private radiology operator DCA Group jumped as much as 11 percent
on speculation that a private equity group would launch a A$1.66
billion ($1.26 billion) bid for the group on Friday.
DCA Group would make a highly desirable target for a private
equity fund because of its secure cashflows from radiology and
aged care, said a source with another private equity fund, who
declined to be named.
"The rumour is there's going to be a A$3.50-a-share private
equity bid this afternoon," said a health care analyst.
DCA shares jumped as high as A$2.88 and last traded up 9.2
percent at A$2.84 a share.
"There has been a lot of volatility in the share price over
the past six months or so and a fair degree of volatility in
volume as well," a DCA spokesman said on Friday, in the company's
only comment on the latest share price jump.
Last month, following a sharp share price rise on speculation
of a bid, DCA Managing Director David Vaux said the company had
received no offer.
DVC
dca group limited
