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GP landlord Primary Health Properties makes new offer for peer Assura

Summary by City AM

GP landlord Primary Health Properties (PHP) has made a new offer for FTSE 250 healthcare real estate investment trust peer Assura, offering a £1.5bn merger to the REIT. PHP has offered £1.5bn for the trust, which would see Assura’s shareholders owning about 48 per cent of the combined group’s shares, which would become the eighth largest REIT in the UK. “The board of PHP believes that a combination of Assura and PHP would deliver significant str…

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Primary Health Properties (LON:PHP) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Primary Health Properties Plc (LON:PHP – Get Free Report)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 94.50 ($1.24) and traded as high as GBX 94.60 ($1.24). Primary Health Properties shares last traded at GBX 93.85 ($1.23), with a volume of […]

17 hours ago

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USA Herald

Primary Health Acquires Assura in a $2B Bid - USA Herald

In a dramatic turn of events that could redefine the U.K.’s real estate investment landscape, Primary Health Properties PLC (PHP) has tabled a £1.5 billion ($2 billion) rival bid to acquire Assura PLC, a move that would cement its place among London’s largest real estate investment trusts (REITs). If completed, the deal would form the eighth-largest REIT on the London Stock Exchange. A Tempting Offer for Assura Shareholders PHP, which trades on …

22 hours ago

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UK Investor Magazine

Primary Health Properties announces £1.5bn offer for Assura to create healthcare property giant

Primary Health Properties (LON:PHP) has announced its intention to acquire Assura plc in a deal that would value Assura at £1.5bn and create one of Britain’s most significant healthcare property portfolios. Primary Health Properties share rose 1.4% while Assura added 0.5%. Primary Health Properties has proposed a combination by offering Assura shareholders 0.3848 new Primary […] The post Primary Health Properties announces £1.5bn offer for Assur…

1 day ago

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Business Fast

NHS landlord attracts £1.5bn counter offer from rival - Business Fast

Stay informed with free updates Simply sign up to the Assura has attracted a rival £1.5bn takeover bid from listed peer Primary Health Properties, kicking off a tussle for the NHS landlord following a higher proposal from private investors including KKR last month. Assura owns hundreds of UK doctors’ surgeries and healthcare centres, valued at £3.2bn. The board of the FTSE 250 landlord in March said it was “minded to recommend” a £1.6bn all-cas…

1 day ago

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City AM

GP landlord Primary Health Properties makes new offer for peer Assura

1 day ago·London, United Kingdom

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QuotedData

PHP makes merger offer for Assura - QuotedData

Primary Health Properties has made an indicative cash and share proposal for Assura, based on a NAV for NAV exchange ratio. Under the terms of the combination, shareholders of Assura would receive 0.3848 new PHP shares and 9.08p in cash. PHP said it will make a mix and match facility available to Assura shareholders in …

1 day ago

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