Khazanah extends Parkway bid
Malaysian SWF Khazanah Nasional has extended its partial offer for a control stake in Singapore-based hospital group Parkway Holdings to July 26th, a moves that comes as it repositions itself after fellow Parkway stakeholder and rival bidder Fortis Group made a $2.3 billion counter-offer.
Khazanah's offer, already branded "not compelling" by Parkway's deal advisor Morgan Stanley, had been still further disadvantaged by the Fortis counterbid, and the SWF now appears to be seeking options...
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