IHH, one of Asia's largest healthcare operators, had offered to buy Fortis at a price that values the hospitals chain at about US$1.3 billion.
In an announcement to Malaysia's stock exchange, IHH said Fortis cited the binding agreements that it had entered into with Manipal Health Enterprises Private Limited, Manipal Global Health Services and TPG Asia as its reason for is inability to engage with the company.
IHH had last week joined the race to acquire Indias troubled Fortis Healthcare, offering to acquire its shares at up to Rs 160 apiece, higher than Manipals Rs 155 which valued the company at Rs 6,061 crore.
In addition, the company has also received a non-binding expression of interest from IHH Healthcare Bhd, the statement said.
Fake Doctor in Delhi AIIMS, police arrest the accused
One of the reasons he said he wanted he help one of his family members get better treatment through preferred doctors. On Saturday, the doctors at the hospital organised a marathon and, as usual, Khurram came to take part in it.
IHH Healthcare Berhad of Malaysia, on Monday, said that Fortis Healthcare had indicated its inability to engage with the firm on its bid to buy Fortis.
IHH added that it has not entered into discussion, negotiations or transactions with Fortis.
In a regulatory filing, IHH said that on April 11, its board of directors issued a non-binding letter to the Fortis board, "expressing IHH's interest to participate in Fortis and its affiliates in a suitable manner".
Some of Fortis's minority shareholders are dissatisfied with the Manipal offer, and it is unclear if the IHH price appeals to them. IHH had not furbished how much stake it aims to purchase or its position on SRL and ownership structure of the Fortis's hospitals by RHT.
EnLink Midstream Partners, LP, through its subsidiary, EnLink Midstream Operating, LP, provides midstream energy services. The stock has a market capitalization of $2,677.07, a price-to-earnings ratio of 12.50 and a beta of 2.58.
It is negative, as 67 investors sold T shares while 714 reduced holdings. 30 funds opened positions while 73 raised stakes. The payment services company reported $1.58 EPS for the quarter, topping the Zacks' consensus estimate of $1.54 by $0.04.
The firm has "Outperform" rating given on Friday, April 7 by Evercore. (NYSE:DAL) on Thursday, March 16 to "Outperform" rating. Moreover, Banced has 0.66% invested in Delta Air Lines, Inc. 501,791 are held by National Bank Of Montreal Can.
It turned negative, as 31 investors sold SBGI shares while 73 reduced holdings. 54 funds opened positions while 128 raised stakes. Raymond James Assocs holds 0.01% of its portfolio in Cirrus Logic, Inc . 45 funds took holdings and 88 increased holdings.
Beyonce's performance took a military theme, beginning with her 2003 hit insane in Love played by the marching band. Through the singer's quick action, the entire ordeal, fortunately, did not end up with a Janet Jackson moment.
When applying indicators for technical analysis, traders and investors might also want to check out the ATR or Average True Range. The Relative Momentum Index is calculated as the ratio of average upward price changes to the average absolute price change.
The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.03. Balyasny Asset Management Ltd Liability owns 0.01% invested in The Coca-Cola Company (NYSE:KO) for 37,478 shs.
A number of large investors have recently modified their holdings of SWKS . 65 funds opened positions while 208 raised stakes. BTIG Research maintained MBIA Inc. (NASDAQ: SWKS ). 6,275 were reported by Institute For Wealth Mngmt Limited Liability Corp.
Baird reissued a "buy" rating and set a $46.00 price target on shares of Copart in a research note on Friday, December 22nd. Copart Inc ( CPRT ) touched 49.66 on a recent bid indicating that the Tenkan line is still hovering below the Kijun Sen.
Institutional Investors Are Buying Cyrusone Inc (NASDAQ:CONE)
The stock of First American Financial Corporation (NYSE:FAF) has "Mkt Perform" rating given on Thursday, December 10 by Bernstein. Total analysts of 12 have positions in CyrusOne (NASDAQ:CONE) as follows: 8 rated it a "Buy", 1 with "Sell" and 3 with "Hold".
At 97 percent, normal monsoon this year, says IMD
In 2016, good monsoon has led to record production of oilseeds, food grains and also triggered a 4.2 per cent agriculture growth. Last year, the country as a whole received rainfall that was 95 per cent of its long-period average.
Inmates Killed in 'Incident' at South Caroling Prison
Lee County Fire & Rescue says multiple agencies were called into assist with the "mass causality incident" at the prison. SC state police have been called to an "ongoing situation" at one of the state's most risky prisons.
UCO Bank tanks to 12 year low amid fraud allegations
The trading volumes on the counter more than doubled with a combined 4.90 million shares changed hands on the BSE and NSE so far. Shares of the state-run bank closed at Rs 20.90 per scrip - down 6.49 per cent - from its previous session's close.
Lyrid Meteor shower scheduled to light up the April Skies
You can simply go out and watch the meteor shower without firstly identifying the Lyra constellation or its brightest star, Vega . What locations are best for the Lyrids 2018? Just make sure you are nowhere near the city where artificial light dims the view.
Amethi: Pregnant woman gang-raped by taxi driver and 3 others
The girl later fled the spot and reached home, where she disclosed her ordeal to her parents, who then approached the police. The woman in her complaint told police that she had come in contact with her neighbour and they became friends a year ago.