Healthscope (ASX:HSO) says takeover suitor Brookfield is in the process of finalizing its due diligence and intends to submit a fully documented, fully financed binding offer by Thursday the 31st of January 2019.
The Private hospital operator, says that the parties are well advanced in negotiating the terms of a transaction implementation agreement and other transaction documentation.
With the due diligence deadline of last Friday now passed Healthscope's engagement with Brookfield is now being conducted on a non-exclusive basis.
Healthscope says there is no certainty that a Brookfield proposal will result in a scheme of arrangement or takeover bid being formally proposed.
Shares in Healthscope (ASX:HSO) are trading 0.42 per cent higher at $2.40.