Mediclinic International PLC (MDCM.L)
23 Nov 2017
Thu, Nov 16 2017
Expectations that Mediclinic International Plc would succeed in taking over Britain's Spire Healthcare Group fell on Thursday after South Africa's largest private hospital group said no deal had been reached.
* Mediclinic shares down 6.5 pct, Spire down 7 pct (Adds details, background, shares, analysts' comments)
* ALTHOUGH DISCUSSIONS HAVE CONTINUED, NO AGREEMENT HAS YET BEEN REACHED ON ANY OF KEY TERMS OF AN OFFER Source text for Eikon: Further company coverage:
Nov 16 Mediclinic International Plc , South Africa's largest private hospital group, reported a 12 percent drop in underlying earnings per share in the first half of the year, hurt by weakness in its Middle East and Switzerland businesses.
Britain's Spire Healthcare has rejected a full takeover offer from South African private hospitals operator Mediclinic International , which already owns nearly 30 percent of its stock, sending its shares up 12 percent.
* Mediclinic has to Nov. 20 to either make firm offer or walk away (Adds share movement, context, analyst comments)
* MEDICLINIC INTERNATIONAL PLC - ANNOUNCEMENT REGARDING SPIRE HEALTHCARE GROUP PLC
Oct 23 Spire Healthcare has rejected an approach by South African private hospitals operator Mediclinic International on a deal to take full control of Britain's second-largest healthcare company.
* SPIRE HEALTHCARE - RECEIVED PRELIMINARY AND CONDITIONAL PROPOSAL FROM MEDICLINIC INTERNATIONAL PLC
LONDON South African private hospitals operator Mediclinic International has approached Spire Healthcare about a deal to take full control of Britain's second-largest healthcare company, according to a person familiar with the matter.
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