(Adds context, chairman quote)
Nov 19 (Reuters) - Regis Healthcare Ltd's (REG) top shareholder and Australian investment firm Washington H. Soul Pattinson and Co (SOL) on Thursday offered to buy the struggling old-age home operator for A$556.4 million ($405.84 million).
Washington H. Soul said it and Ashburn Pty Ltd are offering A$1.85 per share, a premium of 25.4% to Regis' last closing price. Ashburn owns 27.2% of Regis.
"Given the regulatory uncertainty and funding challenges currently facing the aged care industry, WHSP believes that Regis' long-term prospects will be best served in a privately owned setting," said Rob Millner, chairman of Washington H. Soul.
Regis' stock has lost about 40% in value year-to-date as the COVID-19 pandemic has pushed costs higher and led to several infections at its old-age homes.
The company, which earlier reported a 54% drop in underlying net profit after tax for the full year, had net debt of A$236.7 million as of June 30.
Regis did not immediately respond to a request for comment. ($1 = 1.3710 Australian dollars)
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Last
$4.01 |
Change
-0.030(0.74%) |
Mkt cap ! $1.207B |
Open | High | Low | Value | Volume |
$4.04 | $4.09 | $3.97 | $1.212M | 301.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 5000 | $3.95 |
Sellers (Offers)
Price($) | Vol. | No. |
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$4.10 | 4218 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 5000 | 3.950 |
3 | 7134 | 3.700 |
3 | 20700 | 3.600 |
1 | 143 | 3.500 |
1 | 1440 | 3.260 |
Price($) | Vol. | No. |
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4.100 | 4218 | 2 |
4.160 | 4274 | 1 |
4.200 | 353 | 1 |
4.210 | 4000 | 1 |
4.260 | 13100 | 1 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
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Last
$4.01 |
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Change
-0.030 ( 0.53 %) |
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Open | High | Low | Volume | ||
$4.07 | $4.09 | $3.97 | 1523931 | ||
Last updated 15.59pm 29/03/2024 ? |
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