KKR's £1.6bn takeover proposal 'materially' undervalues the group, says Assura
By Michele Maatouk
Date: Tuesday 18 Feb 2025
(Sharecast News) - Assura confirmed on Tuesday that it had rejected a £1.56bn takeover proposal from US private equity firm Kohlberg Kravis Roberts (KKR).
The healthcare property investor and developer said it considered the 48p per share offer carefully and concluded that it "materially undervalued" the company and its prospects and therefore rejected it unanimously.
No further proposal from KKR has been received, Assura said.
The statement from Assura came after KKR said on Monday that its latest and fourth offer had been rejected despite offering "a highly attractive opportunity for Assura shareholders to realise their investment in cash at a significant premium to prevailing market prices".
KKR said it was considering whether there was any merit in continuing to try and engage with the board.
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