Estia Health Says It Does Not Regard Bain Capital's Indicative Proposal As Compelling

April 04, 2023 06:22 PM AEST | By Reuters
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April 4 (Reuters) - Estia Health Ltd:

* UPDATE IN RELATION TO INDICATIVE NON-BINDING PROPOSAL FROM BAIN CAPITAL

* DOES NOT REGARD INDICATIVE PROPOSAL AS COMPELLING HAVING REGARD TO PRICE AND CONDITIONALITY

* ENGAGEMENT BETWEEN ESTIA HEALTH AND BAIN CAPITAL IS PRELIMINARY IN NATURE

* NO CERTAINTY THAT INDICATIVE PROPOSAL WILL RESULT IN A REVISED PROPOSAL

* OFFERED TO PROVIDE BAIN CAPITAL LIMITED PERIOD OF ACCESS TO CERTAIN NON-PUBLIC FINANCIAL, OTHER INFO ON NON-EXCLUSIVE BASIS

* ESTIA HEALTH WILL NOT ACQUIRE SHARES UNDER RECENTLY ANNOUNCED ON- MARKET BUY-BACK UNTIL FURTHER NOTICE Source text for Eikon: Further company coverage:


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