Pulse Health Limited
(ASX:PHG) has hit out at Vision Eye Institute Limited’s
(ASX:VEI) acquisition of an interest in Vision Centre Day Surgery.
Pulse currently has a $158 million hostile takeover offer for Vision Eye Institute on the table. The all-scrip offer is being shot down by the Vision board as being opportunistically timed to coincide with a 40 per cent rise in the Pulse share price over the past eight months or so.
Pulse says the offer for the Gold Coast day surgery could possible trigger a defeating condition of the offer and it is requesting more information from Vision on the nature of the deal. Pulse is also accusing the Vision board of being unwilling to engage constructively.
Pulse Health reported a net profit of $1.26 million for the first six months of the 2015 financial year.
