India, June 11 -- Assura Plc (ARSSF,AGR.L), a specialist healthcare property investor and developer in the U.K., on Wednesday announced that it has reached a takeover agreement with Bidco on a sweetened cash offer of around 1.7 billion pounds or $2.29 billion. Assura had earlier rejected the cash and shares bid from Primary Health Properties Plc. (PHP.L).
The new offer from Sana Bidco Ltd. for Assura shareholders will be 50.42 pence per share in cash, plus retaining of dividends totalling 1.68 pence.
This values each Assura share at 52.1 pence and the company at approximately 1.7 billion pounds on a fully diluted basis.
The offer represents a premium of up to 41.2% over recent trading prices. The offer terms are final, barring exceptiona...