Profit

Fortis' $2.3 billion Parkway Bid a bit too expensive: Analysts

PUBLISHED ON: July 1, 2010 | Duration: 1 min, 50 sec

  
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The takeover battle for Parkway Holdings, which owns hospitals like Gleneagles and Mount Elizabeth, is now underway with Fortis Healthcare Ltd making a general offer to buy all of Parkway's shares at 3.80 Singapore dollar per share in cash, barely 2 cents more a piece than Malaysia's investment fund Khazanah.
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