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.
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.
GPT reached $21.91 on during the last trading session after $0.02 change.Gramercy Property Trust has volume of 695,347 shares. It now has negative earnings. (NYSE:GPT) announced a quarterly dividend on Wednesday, February 28th, Zacks reports.
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.
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.
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".
Truewealth LLC purchased a new position in shares of Las Vegas Sands during the fourth quarter worth about $130,000. The Georgia-based Voya Investment Management Ltd Liability Co has invested 0.01% in Las Vegas Sands Corp.
He reportedly compared his actions to Tibetan monks who have sacrificed themselves to protest Chinese rule, according to Buzzfeed. His story was later told in the movie " Boys Don't Cry ", starring Hilary Swank as Teena.
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.
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.
The investment management company reported $5.68 EPS for the quarter, beating the consensus estimate of $4.90 by $0.78. Goldman Sachs Group Inc. owned about 0.61% of American Software worth $2,134,000 as of its most recent SEC filing.
ValuEngine raised Citigroup from a "buy" rating to a "strong-buy" rating in a research note on Sunday, December 31st. Among 2 analysts covering Transense Technologies PLC ( LON:TRT ), 2 have Buy rating , 0 Sell and 0 Hold.
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.
Fake Doctor in Delhi AIIMS, police arrest the accused
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At 97 percent, normal monsoon this year, says IMD
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Gammel Sells 9000 Shares of Skyworks Solutions (SWKS) Stock
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UCO Bank tanks to 12 year low amid fraud allegations
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Macquarie Group Ltd. Lowers Stake in Copart, Inc. (CPRT)
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Amethi: Pregnant woman gang-raped by taxi driver and 3 others
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