Virtus Health Watchlist
Virtus Health (VRT AU): CapVest's Bid Edges BGH Capital
182 Views, 20 Jan 2022 14:46
- UK-Based CapVest Partners is offering A$7.60/share, in cash, for Virtus Health (VRT AU), compared to BGH Capital's bid last month of A$7.10/share. Virtus has granted exclusive due diligence.
- CapVest's Offer is non-binding. No doubt due to BGH holding 20% of shares out, CapVest will concurrently run an alternate off-market bid with a 50.1% acceptance condition at A$7.50/share.
- At a ~5% spread to the indicative Scheme terms, I would look to get involved.