Business
ASX 200 ends flat on Friday
The S&P/ASX 200 Index (ASX: XJO) finished flat today at 6,539 points.
Here are some of the highlights from the ASX:
Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) bids for Regis Healthcare Ltd (ASX: REG)
Soul Patts has made a takeover bid for Regis Healthcare, but that was promptly rejected.
The investment conglomerate made a bid, with its partner Ashburn Pty Ltd (controlled by Regis co-founder Mr Bryan Dorman), of $1.85 per share. That bid represented a 25% premium to the closing share price from yesterday.
Ashburn controls 27.2% of Regis’ ordinary shares on issue.
Soul Patts expected that the proposal would be attractive to Regis shareholders.
The Chair of Soul Patts, Rob Millner, said: “WHSP is a patient and long-term…
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