Business
Australian Unity rejects $2.7b bid for healthcare fund – The Australian Financial Review
Australian Unity called the Canadian suitor’s efforts to highlight the increases in its offers ‘meaningless’.
In rejecting the latest offer, Australian Unity said its investors had shown their preference for income and desire for long-term returns.
Unitholders were also concerned about the tax implications of a potential cash sale of their investment in the fund and their ability to then reinvest proceeds in comparable assets, it said.
Australian Unity described the Canadian suitors efforts to highlight the increases in its offers as meaningless because its earlier proposals had already materially undervalued…
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