Archer group withdraws Abano takeover offer

Updated Nov 28, 2013 – 1.54pm, first published at 1.51pm

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A bidding group of Archer Capital, Peter Hutson and James Reeves has withdrawn a proposed takeover for Abano Healthcare.

This follows an independent valuer saying the target's shares were worth more and the board refusing to allow the group due diligence.

AAP

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