Ageas NV (AGES.BR)
20 Jul 2018
Grant & Eisenhofer issued a press release Friday, hailing a Dutch appellate court’s approval of a $1.5 billion shareholder settlement with the international insurance company Ageas, the successor company of Fortis, a Dutch-Belgian financial services business that allegedly over-invested in U.S. mortgage-backed securities before the subprime crash. As G&E’s press release pointed out, the Fortis settlement – which follows seven years of litigation – is the biggest-ever for shareholders
MUMBAI/KUALA LUMPUR Malaysia's IHH Healthcare Bhd is set to take control of India's Fortis Healthcare after its bid of up to $1.1 billion was chosen over a rival's, giving it ownership of over 30 hospitals amid a private healthcare boom in India.
* IHH will invest 40 bln rupees at 170 rupees/shr for 31 pct stake
* SAYS IT AND UNIT SIGN COOPERATION AGREEMENT WITH FORTIS SPORTS AG
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June 1 India's Fortis Healthcare said on Friday its board would look at a new round of bids from four local and international parties, after shareholders opposed a previous board decision last month to accept an offer from a consortium.
June 1 India's Fortis Healthcare said on Friday its board had decided to consider offers from four parties in a fresh round of bidding for the hospitals operator, following a fierce takeover battle involving five suitors.
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_05222018.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 9:30 am: Water Resources Minister Nitin Gadkari at inauguration of a workshop in New Delhi. 12:00 pm: JM Financial Credit Solutions press conference on forthcoming public issue of non-convertible
MUMBAI/LONDON Three directors of India's Fortis Healthcare have quit ahead of a shareholder vote on Tuesday to decide their future, the company said, the latest twist in a prolonged takeover for one of the country's largest hospital operators.
MUMBAI/LONDON May 21 Three directors of India's Fortis Healthcare have quit ahead of a shareholder vote on Tuesday to decide their future, the company said, the latest twist in a prolonged takeover for one of the country's largest hospital operators.