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Sovereign Wealth Funds Briefing - Categorized | Market

Parkway falls on advice Khazanah bid ‘not compelling’

Posted on 23 June 2010

From Bloomberg: Parkway Holdings Ltd., the target of a S$1.18 billion ($852 million) bid for control by Khazanah Nasional Bhd., fell in Singapore trading after Morgan Stanley said the offer wasn’t compelling.
Parkway, Asia’s biggest hospital operator, lost 1.6 percent to S$3.69 as of 11:56 a.m., headed for the lowest close since June 7.
The price is less than the S$3.78 a share Khazanah offered on May 27 to more than double its Parkway stake to 51.5 percent and overtake Fortis Healthcare Ltd. as the Singapore- based company’s largest stakeholder……………………………………….Full Article: Source

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