By Adam Whittaker
Assura has delayed a vote on a takeover proposal from KKR and Stonepeak as it is in talks with Primary Health Properties to decide whether to recommend shareholders accept its rival proposal.
The U.K. healthcare-property company has been subject to rival bids and said Friday that it is conducting due diligence talks with PHP on its sweetened 1.68 billion pounds ($2.25 billion) offer.
Assura previously accepted an all-cash takeover offer from the KKR and Stonepeak consortium, known as Sana Bidco, in April.
It had been due to hold a vote on implementing the offer but said it postponed the meeting and advised shareholders to take no further action relating to the offer.
Write to Adam Whittaker at adam.whittaker@wsj.com
(END) Dow Jones Newswires
May 23, 2025 02:43 ET (06:43 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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