19.07.2010 - Is it too late for Fortis, Khazanah to reach a settlement?
From Todayonline.com: In a week, Malaysian sovereign wealth fund Khazanah Nasional, which is locked in a battle with India's Fortis Healthcare for control of Parkway Holdings, will have to make known what its next move on the Singapore healthcare provider is going to be. Khazanah's original move - of a partial offer to double its stake in Parkway from the present 23.8 per cent to a controlling 51.5 per cent at $3.78 a Parkway share - has more or less failed with investors holding just another 1.2 per cent of Parkway shares in issue tendering their holdings to the Malaysian bidder..............................................Full Article: Source
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