Assura accepts rival bid £1.79bn from PHP in latest takeover twist
By Frank Prenesti
Date: Monday 23 Jun 2025
(Sharecast News) - The battle for Assura took a new twist on Monday after the healthcare property firm accepted an increased £1.79bn bid from Primary Health Properties only days after recommending a £1.7bn final offer from private equity outfits KKR & Stonepeak.
Based on the PHP closing share price of 103.5 pence on 20 June 2025, the increased offer is 0.3865 new PHP shares and 12.5p in cash. Assura shareholders would also be entitled to a special dividend of 0.84p a share.
PHP's improved 53.3p-a-share bid trumped KKR-Stonepeak's "best and final" offer of 52.1p tabled earlier this month and was at a 47% premium to Assura's closing price before KKR-Stonepeak's first approach.
Reporting by Frank Prenesti for Sharecast.com
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