April 24, 2017 / 1:45 PM / 2 years ago

Canada's NorthWest offers to buy rest of Generation Healthcare

(Reuters) - Canada’s NorthWest Healthcare Properties REIT (NWH_u.TO) on Monday offered to buy the rest of Australia’s Generation Healthcare REIT GHC.AX that it does not already own, valuing the company at about A$491 million ($371 million).

NorthWest, the biggest shareholder in Generation Healthcare with a 22.7 percent stake, offered to buy the remainder at A$2.24 per share.

Generation Healthcare’s shares closed at A$2.27 on the Australian Stock Exchange on Monday.

Reporting by Ahmed Farhatha in Bengaluru; Editing by Sriraj Kalluvila

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below