April 24, 2017 / 1:45 PM / in 8 months

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