Fortis Offers S$3.2 Billion for Singapore's Parkway At $3.80 Per Share

BusinessWeek, 1 Jul 2010
July 1 (Bloomberg) -- Fortis Healthcare Ltd., India’s second-biggest hospital owner, offered about S$3.2 billion ($2.3 billion) for the rest of Singapore’s Parkway Holdings Ltd., topping a partial bid by Malaysia’s sovereign wealth fund.
Fortis said it offered S$3.80 a share for the 74.73 percent it doesn’t already own in Parkway, Asia’s largest hospital operator. That’s 0.5 percent more than the S$3.78-a-share bid by Khazanah Nasional Bhd., which sought to raise its stake to 51.5 percent. Full Story

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