| From Todayonline.com: The current bid by Malaysian sovereign wealth fund, Khazanah Nasional, to gain control of Singapore healthcare provider Parkway Holdings at $3.78 a share or a total investment of $1.18 billion, will pit it against India's Fortis Healthcare, a company controlled by Malvinder and younger brother Shivinder Singh.
The Singh brothers, who sold their stake in generic drugs manufacturer Ranbaxy for a reported US$4 billion ($5.6 billion) to Japan's Daiichi Sankyo a couple of years ago, had only moved into Parkway in March by buying over American buyout firm TPG Capital's 23.9-per-cent stake at $3.56 a share, or some $960 million in total................................................Full Article: Source
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