Washington H. Soul Pattinson (ASX:SOL) launches Regis Healthcare (ASX:REG) takeover

The Regis Healthcare Ltd (ASX: REG) share price will be on watch on Friday after a late announcement relating to the aged care operator.

What is happening?

After the market close, investment house Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) announced that, together with its partner Ashburn Pty Ltd, it has submitted a non-binding, indicative proposal to acquire Regis Healthcare.

According to the release, Washington H. Soul Pattinson has tabled an offer of $1.85 per share to acquire the company via a scheme of arrangement. This remains subject to due diligence.

Ashburn…