Assura Delays Vote on KKR, Stonepeak Offer to Talk With Rival Suitor PHP

Dow Jones

May 23, 2025

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)

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