Business
Washington H. Soul Pattinson (ASX:SOL) launches Regis Healthcare (ASX:REG) takeover
Motley Fool Australia » Takeovers » 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…
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