Assura Group (LSE:AGR) has paused the process for its private equity takeover, after receiving a rival proposal from Primary Health Properties PLC last month.
An adjournment to its scheduled shareholder meetings, called to vote on the recommended cash offer from ‘Sana Bidco’, a vehicle representing a group of PE funds backed by KKR and Stonepeak, is effective from 5 June.
In the meantime, reciprocal due diligence on the PHP offer is ongoing.