• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The China Earthquake Networks Center officially measured a 3.8-magnitude earthquake in Arong Banner, Hulunbuir City, Inner Mongolia, at 05:09 on July 12, with a focal depth of 10 kilometers.The National Press Club of America has called on the U.S. Department of Justice to immediately withdraw the subpoena for the New York Times reporter.On July 12th, Meta announced that earlier this week, users could generate images in Meta AI by mentioning public Instagram accounts they wanted to reference. This feature, which allowed referencing public content by default, drew criticism from organizations such as the Screen Actors Guild, who argued it could infringe on portrait rights and pose criminal risks. Meta stated that its initial intention was to provide a practical creative tool and allow users to control whether their public content was allowed to be referenced in this way, but after receiving user feedback that the feature failed to achieve its intended effect, it has been removed.July 12 - Jorge Rodríguez, president of the Venezuelan National Assembly, said at a press conference in Caracas, the Venezuelan capital, on July 11 that the two strong earthquakes that struck the country on June 24 have killed 4,333 people and injured 16,740. The latest official statistics from Venezuela show that 1,202 aftershocks have been recorded since the initial earthquakes.Ukrainian President Zelensky called on Ukraines diplomatic efforts to focus on urging allies to implement arms supply agreements more quickly.

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.