• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 1st - According to Nikkei, the yen strengthened rapidly against the dollar in the New York foreign exchange market on the 31st, rising to around 157 yen to the dollar at one point. This marked the second consecutive day that the Japanese government and the Bank of Japan intervened in the exchange rate by buying yen, following interventions on the 30th.Google (GOOG.O): Gemini Spark is rolling out to Google AI Pro users outside the United States.August 1st - According to CBS News, citing multiple sources, the United States and Israel are planning "one of the most intense bombing campaigns to date" against Iranian energy infrastructure, potentially targeting power plants and oil refineries, with the operation possibly lasting throughout the weekend. Sources say Israel has been notified and is coordinating with the US, but Trump has not yet issued final approval. The report notes that the plan was proposed at Trumps cabinet meeting at Camp David on Friday, and some White House political aides strongly opposed it, fearing the operation could impact the US and global economy. Trump stated, "Were going to hit them very hard." The US has also discussed cutting off Tehrans power supply, but no decision has been made. Previously, Trump stated that for every attack on ships in the Strait of Hormuz, the US would bomb an Iranian bridge or power plant. If this operation is carried out, it would mean Israel has resumed military operations that were previously suspended due to a US-mediated ceasefire.August 1st - According to Irans Tasnim News Agency, the Houthi rebels in Yemen stated that, in order to implement their strategy of "blockade against blockade," eight Saudi oil tankers have been forced to change course and circle the Cape of Good Hope after maritime restrictions were imposed on them. The Houthis stated that the blockade against Saudi Arabia will continue and warned that they will take action against relevant vessels within their capabilities. The Houthis also stated that they will continue to push for the lifting of the blockade on Yemen and to protect their own interests.The U.S. military stated that as of July 31, Central Command had altered the routes of 30 merchant ships, rendered two ships inoperable, and boarded and inspected two more.

KKR and Ramsay Health cease purchase negotiations

Charlie Brooks

Sep 26, 2022 11:06

11.png


Ramsay Health Care and a consortium led by KKR have terminated purchase negotiations, the hospital operator announced Monday, putting an end to weeks of uncertainty.


The KKR-led firm initially approached Ramsay in April with a A$88 per share cash offer, but withdrew it in late August after the company disclosed a 39% decline in profits.


As per the all-cash proposal, Ramsay shareholders would receive A$88 per share, but only for the first 5,000 shares.


Larger shareholders obtained A$78.20 per share of Ramsay and 0.22 shares of its subsidiary in France, Ramsay Generale de Sante. Ramsay described the alternative concept as inferior.


The poor performance of the company was cited as the reason why KKR would not boost its $14.5 billion cash-and-stock offer. If Ramsay modifies its valuation expectations and considers a fresh offering, KKR will explore conditions that are mutually agreeable.


"The coalition cannot generate a fresh proposal at this time," Ramsay explained.


A KKR-led consortium official told Reuters, "Following a recent conversation with the Ramsay Board, we have amicably discontinued discussions."


A successful acquisition of Ramsay would have been the greatest private equity deal in Australia.


The inability of Ramsay to reach a deal with the KKR-led group exemplifies the growing problem of execution risks in Australian mergers and acquisitions.


Sydney Airport and Afterpay were among the major acquisitions in 2021.