Previous close | 45.70 |
Open | 45.70 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 45.70 - 45.70 |
52-week range | |
Volume | |
Avg. volume | 147 |
Market cap | 10.674B |
Beta (5Y monthly) | 0.59 |
PE ratio (TTM) | 55.73 |
EPS (TTM) | 0.82 |
Earnings date | N/A |
Forward dividend & yield | 0.63 (1.38%) |
Ex-dividend date | 02 Sept 2022 |
1y target est | N/A |
(Reuters) -A KKR & Co Inc led group has withdrawn a A$20 billion ($13 billion) bid for Australian hospital operator Ramsay Health Care after talks hit a stalemate, killing Australia's biggest deal of the year and sending the target's shares tumbling. The would-be buyers had proposed paying A$88 per share in cash for the company in April, but cut the cash component in August after Ramsay reported a worse than expected 39% slump in annual profit, blaming COVID-19-related staffing problems. Then last month Ramsay said the KKR-led group had notified it that it would not improve on what Ramsay considered a "meaningfully inferior" offer, due to the target company's weak business performance.
(Reuters) -A KKR-led consortium has told Australia's Ramsay Health Care it will not improve its $14.5 billion cash-and-stock offer for the hospital operator, a move that will likely put a deal on ice. Shares in Ramsay, which has flagged it is unhappy with the terms, slid more than 10% on the news. Ramsay operates healthcare facilities across 10 countries and a successful acquisition of the company would represent one of the country's largest ever private equity buyouts.