Assura Receives Increased Cash Offer from Sana Bidco
Why we think this is neutral
This RNS announcement details a recommended increased cash offer for Assura plc from Sana Bidco Limited. While the offer represents a premium to Assura's share price, the announcement does not contain any of the mandatory news types specified, such as trading updates, results, or financing details. Therefore, a neutral sentiment score is appropriate.
Key Points
- Sana Bidco Limited has made a recommended best and final* increased cash offer for Assura plc
- The offer values Assura at approximately £1.696 billion on a fully diluted basis
- The offer represents a premium of 39.2% to Assura's closing price on 13 February 2025
- The Assura Board has unanimously recommended that shareholders accept the offer
Summary
Assura plc has received a recommended best and final* increased cash offer from Sana Bidco Limited, a newly formed company indirectly owned by funds advised by KKR and Stonepeak. The offer values Assura at approximately £1.696 billion on a fully diluted basis and represents a premium of 39.2% to Assura's closing price on 13 February 2025. The Assura Board has unanimously recommended that shareholders accept the offer, which is to be effected by way of a takeover offer.