Fannie Mae, Freddie Mac shares tumble after conservatorship comments
Investing.com -- British healthcare real estate investor Primary Health Properties (LON:PHP) urged rival Assura (LON:AGR) on Friday to back its bid over a takeover offer from KKR (NYSE:KKR) and Stonepeak.
Earlier this week, Assura supported U.S. private equity firms KKR and Stonepeak’s sweetened cash bid of nearly £1.7 billion ($2.3 billion), which values Assura shares at 52.1 pence each, including dividends.
Assura had stated that PHP’s offer posed "material risks and downsides" for its shareholders. PHP disagreed with this assessment.
The company also pointed out that the UK’s spending plans over the next three years would benefit both firms, which invest in properties leased to healthcare entities such as Britain’s National Health Service.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.