In today’s briefing:
- Virtus: BGH’s Less Than Friendly Offer
Virtus: BGH’s Less Than Friendly Offer
- Fertility specialist Virtus Health (VRT AU) has received a revised unconditional Offer from local Aussie PE outfit BGH which just eclipses CapVest’s Offer.
- BGH’s $8.00/share Offer is A$0.02/share above CapVest’s takeover A$7.98/share offer – the one with a minimum acceptance condition of 50% – now the A$0.12/share dividend has gone ex.
- CapVest still has the superior A$8.13/share Scheme Offer on the table, yet BGH’s 20% stake suggests the outcome for such an Offer is no certainty. CapVest does have matching rights.
Before it’s here, it’s on Smartkarma