KKR Fails to Get any Acceptances for $2.32 Bln Assura Takeover Bid

Dow Jones

Jul 07, 2025

By Anthony O. Goriainoff

Private-equity firm KKR said it hasn't received any acceptances for its 1.70 billion-pound ($2.32 billion) takeover bid for U.K. healthcare-property investor Assura by Friday.

KKR--which currently owns 164.5 million Assura shares, or 5.06% of its issued share capital--said Monday that its offer is open until 1200 GMT on Aug. 12, and encouraged Assura shareholders to accept it as soon as possible.

Assura has been at the center of a takeover battle between KKR and Primary Health Properties over recent months. Assura and PHP are two of the largest listed real estate investment trusts that specialize in healthcare facilities across the U.K.

On June 11 KKR raised its offer to buy Assura to a best and final price of 52.1 pence in cash a share, including dividends, from an initial price of 49.4 pence a share on April 9.

Assura subsequently agreed to a 1.79 billion-pound share and cash takeover from PHP on June 23.

On Friday the U.K. markets watchdog said it was considering whether PHP's acquisition of Assura would lessen competition in the healthcare-property sector as part of its information-gathering process. It said that no formal investigation has been opened.

It is inviting comments from interested parties on the deal by July 18.

Assura shares were up 0.1 pence, or 0.2%, at 50.1 pence in early morning European trading and are up 31% in the year to date.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

July 07, 2025 04:12 ET (08:12 GMT)

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Goriainoff \n</p>\n<pre>\n \n</pre>\n<p>\n  Private-equity firm KKR  said it hasn't received any acceptances for its 1.70 billion-pound ($2.32 billion) takeover bid for U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. healthcare-property investor Assura by Friday. \n</p>\n<p>\n  KKR--which currently owns 164.5 million Assura shares, or 5.06% of its issued share capital--said Monday that its offer is open until 1200 GMT on Aug. 12, and encouraged Assura shareholders to accept it as soon as possible. \n</p>\n<p>\n  Assura has been at the center of a takeover battle between KKR and Primary Health Properties over recent months. 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Goriainoff at anthony.orunagoriainoff@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 07, 2025 04:12 ET (08:12 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>KKR Fails to Get any Acceptances for $2.32 Bln Assura Takeover Bid</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKKR Fails to Get any Acceptances for $2.32 Bln Assura Takeover Bid\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-07-07 16:12</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Anthony O. Goriainoff \n</p>\n<pre>\n \n</pre>\n<p>\n  Private-equity firm KKR  said it hasn't received any acceptances for its 1.70 billion-pound ($2.32 billion) takeover bid for U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. healthcare-property investor Assura by Friday. \n</p>\n<p>\n  KKR--which currently owns 164.5 million Assura shares, or 5.06% of its issued share capital--said Monday that its offer is open until 1200 GMT on Aug. 12, and encouraged Assura shareholders to accept it as soon as possible. \n</p>\n<p>\n  Assura has been at the center of a takeover battle between KKR and Primary Health Properties over recent months. 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Goriainoff at anthony.orunagoriainoff@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 07, 2025 04:12 ET (08:12 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B64PRP62.GBP","symbol_name":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2549485586","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2549485586","pubTimestamp":1751875920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Private-equity firm KKR  said it hasn't received any acceptances for its 1.70 billion-pound  takeover bid for U.K. healthcare-property investor Assura by Friday.KKR--which currently owns 164.5 million Assura shares, or 5.06% of its issued share capital--said Monday that its offer is open until 1200 GMT on Aug. 12, and encouraged Assura shareholders to accept it as soon as possible.Assura has been at the center of a takeover battle between KKR and Primary Health Properties over recent months. 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Goriainoff \n\n\n \n\n\n  Private-equity firm KKR  said it hasn't received any acceptances for its 1.70 billion-pound ($2.32 billion) takeover bid for U.K. healthcare-property investor Assura by Friday. \n\n\n  KKR--which currently owns 164.5 million Assura shares, or 5.06% of its issued share capital--said Monday that its offer is open until 1200 GMT on Aug. 12, and encouraged Assura shareholders to accept it as soon as possible. \n\n\n  Assura has been at the center of a takeover battle between KKR and Primary Health Properties over recent months. Assura and PHP are two of the largest listed real estate investment trusts that specialize in healthcare facilities across the U.K. \n\n\n  On June 11 KKR raised its offer to buy Assura to a best and final price of 52.1 pence in cash a share, including dividends, from an initial price of 49.4 pence a share on April 9. \n\n\n  Assura subsequently agreed to a 1.79 billion-pound share and cash takeover from PHP on June 23. \n\n\n  On Friday the U.K. markets watchdog said it was considering whether PHP's acquisition of Assura would lessen competition in the healthcare-property sector as part of its information-gathering process. It said that no formal investigation has been opened. \n\n\n  It is inviting comments from interested parties on the deal by July 18. \n\n\n  Assura shares were up 0.1 pence, or 0.2%, at 50.1 pence in early morning European trading and are up 31% in the year to date. \n\n\n \n\n\n  Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 07, 2025 04:12 ET (08:12 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}