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LONDON - Assura plc, a UK-based healthcare real estate investment trust, has acknowledged recent speculation by confirming it has received an unsolicited preliminary proposal regarding a potential acquisition by Kohlberg Kravis Roberts & Co. Partners L.L.P. (KKR) and USS Investment Management Limited, representing Universities Superannuation Scheme Limited. The Board of Assura is currently evaluating the approach with its advisors.
The company made clear that there is no assurance a formal offer will be made or what the terms of any offer might be. Shareholders have been advised to take no action at this time. Assura's management expressed confidence in the firm's long-term prospects and its ability to generate shareholder value.
Under the City Code on Takeovers and Mergers, KKR and USSIM have until 5.00 pm London time on March 14, 2025, to either declare a definitive intention to make an offer or to announce they will not pursue the acquisition, at which point their statement will be governed by Rule 2.8 of the Code. Any extension to this deadline would require the approval of the Takeover Panel.
The information regarding the potential offer is based on a press release statement from Assura plc.
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