Virtus Health and its bankers are scrambling to chase down the company’s shareholders and get them to accept an $8.15 a share bid from BGH Capital.
After keeping BGH Capital at bay for six months, Virtus is now rushing to make sure the buyout firm’s stake gets to 50 per cent by 7pm on Tuesday, so stragglers can have an extra fortnight to tip into the bid.
Loading...
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
