Company News

BUZZ-Australia's Healthscope falls, rejects Brookfield, BGH Capital takeover offer

** Hospital group Healthscope Ltd falls nearly 7 pct to A$2.29, its lowest in nearly a month

** Co rejects takeover offers worth over $3 bln from rival suitors Brookfield Asset Management and BGH Capital, saying both offers undervalue the company

** Downgrades guidance for core earnings from hospital operations to A$340 mln to A$345 mln ($258 mln - $262 mln) for fiscal 2018, compared with core earnings of A$359.4 mln in 2017

** Also puts its Asian pathology business up for sale after receiving approaches from a number of parties

** Stock posts biggest intraday percentage fall in over three months

** About 6.1 mln shares change hands, compared with the 30-day average of 12.6 mln shares

** Up to Monday’s close, stock up 17.1 pct this year