KKR Raises Offer for Assura, Valuing Landlord at £1.7 Billion
A consortium led by KKR & Co has increased its bid in a takeover battle for Assura Plc, valuing the UK healthcare landlord at £1.7 billion ($2.3 billion).
KKR and its co-bidder, Stonepeak Partners LP, sweetened their cash offer to an implied total value of 52.1 pence for each Assura share, inclusive of declared dividends, according to a statement on Wednesday. That compares with an implied total value of 51.7 pence put forward by rival Primary Health Properties Plc earlier.
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