Healthscope bidders raise price, nix breakup
The private equity bidders for ASX-listed hospital business Healthscope - still unconfirmed but widely reported as the Carlyle Group and TPG Capital - have raised their bid for the target to A$5.75 ($4.86) per share, totaling A$1.8 billion ($1.5 billion), while other reports indicate that they are not planning to break up the group post-privatization.
The bid, up from A$5.50 ($4.93) per share, is at an 11% premium to Healthscope's most recent closing price, but almost one dollar below other analysts' valuations for the value realizable by splititng...
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