Home THE DAILY EDGE Business Khazanah to offer around $3.95 per share for Parkway
Khazanah to offer around $3.95 per share for Parkway

Tags: Fortis Healthcare | Khazanah | Parkway Holdings

Written by Reuters   
Monday, 26 July 2010 11:41
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Malaysian state investor Khazanah is set to make an offer for all outstanding shares of Singapore healthcare firm Parkaway Holdings (PARM.SI) at a price of around $3.95 per share, sources with knowledge of the deal said today. 

Khazanah is locked in a bidding war for control of Parkway with India's Fortis Healthcare (FOHE.BO). It has previously made a partial offer to acquire 51.5% of Parkway at a price of $3.78 per share. 
 
Fortis has countered with a bid of $3.80 and Khazanah has until later on Monday to respond.  
 
Fortis and Khazanah each currently own about 25% of Parkway. 
 
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Khazanah to offer around $3.95 per share for Parkway
Monday, 26 July 2010

Last Updated on Monday, 26 July 2010 11:44