Business Services Industry
Symbion in line for a knockout.
Australasian Business Intelligence, June, 2007
Byline: Nabila Ahmed
Jun 19, 2007 (The Age - ABIX via COMTEX) -- Private equity groups could win Symbion Health's pharmacy business with a higher offer. Healthscope's $A2.8 billion bid for Symbion included a $A1.043 billion offer by Ironbridge Capital and Archer Capital for the pharmacy and consumer businesses. Sigma Pharmaceuticals and joint venture partners have finally entered a $A1.085 billion counter-bid for the businesses in mid-June 2007. The two private equity firms are expected to make a higher offer again, with a proposal needed by 20 June.
Publication Date: 20 June 2007
SYMBION HEALTH LIMITED - ASX SYB
SIGMA PHARMACEUTICALS LIMITED - ASX SIP
HEALTHSCOPE LIMITED - ASX HSP
IRONBRIDGE CAPITAL HOLDINGS PTY LTD...
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