logo
Plus   Neg
Share
Email

NMC Health Gets Preliminary Approaches From KKR, GKI; Sees FY Results In-line

Responding to media speculation, NMC Health plc (NMC.L) confirmed Monday that it has received highly preliminary approaches from Kohlberg Kravis Roberts & Co. L.P. or "KKR" and GK Investment Holding Group SA or "GKI" regarding possible offers for the company.

According to NMC, no proposal has been made by either Potential Offeror and there have been no discussions as to the terms of any possible offer. There can be no certainty that any offer will be made for the Company, nor as to the terms on which any offer might be made.

As per the U.K. rule, each of the Potential Offerors is required, by no later than on 9 March 2020, to either announce a firm intention that it will make an offer for NMC or announce that it does not intend to make an offer. The deadline may be extended with the consent of the Panel on Takeovers and Mergers.

Separately, NMC Health said it expects to report full-year 2019 results in-line with management's expectations.

NMC Health also said that it has been informed by its Joint Non-Executive Chairman, Bavaguthu Raghuram Shetty, that B. R. Shetty and his advisers are in the process of carrying out a legal review in order to verify the total interests of B. R. Shetty, his associated family members and his associated family holding companies in the Ordinary Shares of the company.

NMC Health also has been informed that this review also has implications for the holdings and interests of H.E. Mr Saeed Mohamed Butti Mohamed Khalfan Al Qebaisi and Mr Khaleefa Butti Omair Yousif Ahmed Al Muhairi.

B. R. Shetty and Mr Khaleefa Butti Omair Yousif Ahmed Al Muhairi have informed the company that they remain supportive and long-term investors in the company, NMC Health said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon Prime Day, the e-commerce giant's biggest shopping event of the year, is taking place on October 13 and 14, just after Canadian Thanksgiving. Amazon Prime members could get early access to Prime Day offers and deals every day, starting from today, up to the event in October. The two-day shopping event, which is usually held in the U.S. in mid-July, comes much delayed due to the coronavirus. Secaucus, New Jersey-based The Vitamin Shoppe is recalling Vthrive Bioactive Multivitamins citing risk of poisoning as it failed to meet child resistant packaging requirements, according to the U.S. Consumer Product Safety Commission. The recall involves about 8,200 units of Vthrive Bioactive Women's One-Daily Multi vitamins manufactured in United States. Commerzbank AG (CRZBY.PK) has appointed Deutsche Bank's German retail head Manfred Knof as its new chief executive officer, effective from 1 January 2021.
Follow RTT