Khazanah may boost Parkway offer to beat Fortis
Following an offer by Malaysian sovereign wealth fund Khazanah Nasional to take a 51.5% stake in Singapore-based hospital group Parkway Holdings for $835 million, or S$3.78 ($2.75) a share, Khazanah is considering offering S$4.00 ($2.90) a share in order to beat out rival bidder Fortis Healthcare, according to reports.
Last month, Indian hospital operator Fortis Group offered S$3.2 billion ($2.3 billion) for Parkway, which would value the company at S$3.80 ($2.76) a share. That bid raised the stakes for Khazanah and...
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