Branch² Intelligence
Private hospital firm Spire gives hedge fund tycoon more time to thrash out £1bn takeover
Key takeaway
Spire Healthcare extends deadline for Toscafund's £1bn takeover bid to August 6.
- Step 1Toscafund extends deadline for £1bn bid at 250p/share, creating uncertainty.
- Step 2If bid fails, Spire shares revert to ~200p, reducing market cap and access to equity financing.
- Step 3Spire may cut capex or renegotiate supplier contracts to preserve cash, affecting SME vendors.
Source: This Is Money
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