Capitol Health won’t increase offer for Integral

Company News

by Anna Napoli

Diagnostic imaging services provider Capitol Health (ASX:CAJ) has announced it won’t be increasing its takeover offer for Integral diagnostics (ASX:IDX).

Capitol has declared the $340 million dollar offer made in December last year as the best and final offer.

The diagnostic company says they are disappointed by the response of the Integral board to the offer.

Under the terms of the offer Integral shareholders were offered 6.9 Capitol shares for each Integral share and 36 cents.

The company says they have been unable to progress the takeover as result of the Integral boards position.

Shares in Capitol (ASX:CAJ) are trading flat at 28 cents.

 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.