Australia's Estia Health opens books to Bain Capital for improved offer

April 04, 2023 06:30 PM AEST | By Reuters
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April 4 (Reuters) - Australian aged-care provider Estia Health Ltd said on Tuesday it will provide a limited period of access to the company's non-public financial and other information to help its suitor come up with an improved proposal.

Late in March, Estia received a non-binding buyout proposal from U.S. private investment firm Bain Capital for A$775.1 million ($517.77 million), implying a A$3.00 cash per share value. (Reporting by Roushni Nair in Bengaluru; editing by Uttaresh Venkateshwaran)


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