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11.08.25 - 22:00
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TMR Capital (PTC) Limited′s View on the Assura plc Acquisition Offers (Business Wire)
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ROAD TOWN, British Virgin Islands--(BUSINESS WIRE)--TMR Capital (PTC) Limited (“TMR”), with a shareholding in Assura plc (“Assura”, the “Company”), believes, in its opinion, that the board of Assura (the “Board”) should reconsider its recommendation for the shareholders of Assura to accept the Primary Health Properties plc (“Primary”) offer and either renegotiate its offer, or recommend the offer from Sana Bidco Limited (“Sana”) given the reduction in Primary's share price.
At current levels, the Primary offer is now lower than the Sana offer, involves far more shares vs cash received and uncertainty post-merger as regards CMA approval/requirements and excessive debt levels in the combined entity.
TMR is of the opinion that the merged entity may well require a capital increase in addition to asset dispositions in order to bring debt back to acceptable “REIT” levels.
TMR has communicated this to the Board and its advisors.
About TMR
TMR is a BVI based family office with investm...
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08.08.25 - 12:36
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Bidding battle for NHS landlord Assura intensifies as watchdog steps up investigation (The Guardian)
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US suitor KKR lobbies board to accept offer, while CMA looks into £1.79bn offer by rival UK healthcare investorThe bidding battle for the NHS landlord Assura has heated up after its US suitor KKR lobbied the board to accept its offer, while the competition watchdog stepped up its investigation of Assura's £1.79bn takeover by a rival UK healthcare investor.Primary Health Properties (PHP), which invests in buildings housing GP practices, has been blocked from fully integrating Assura by the Competition and Markets Authority while it looks into the takeover. Continue reading......
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04.08.25 - 15:36
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Form 8.3 - Primary Health Properties Plc (Cision)
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FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)
1. KEY INFORMATION
+--------------------------------+---------------------------------------------+
|(a) Full name of discloser: |Boussard & Gavaudan Investment Management LLP|
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+--------------------------------+-------...
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