Ramsay Health Care receives non-binding, indicative proposal

Ramsay Health Care Limited (ASX: RHC) confirmed that it has received a conditional, non-binding, indicative proposal from a consortium of financial investors led by KKR to acquire 100% of the shares in Ramsay via a scheme of arrangement.

Under this proposal, Ramsay shareholders are eligible to get AU$88.00 per share cash minus any ordinary or special dividends paid to shareholders after the date of the Indicative Proposal. Also, RHC shareholder would have the option to receive part of the consideration in unlisted scrip in the Consortium holding entity. If the scheme of arrangement were implemented, RHC would be allowed to pay a fully franked special dividend to allocate all available franking credits to shareholders.

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