Healthscope says Brookfield finalising due diligence

Company News

by Anna Napoli

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.
 

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.