Assura picks KKR consortium bid over rival PHP proposal

  • The board of Assura Group (LSE:AGR) has recommended an increased £1.7 billion final takeover offer from private equity groups KKR and Stonepeak, rejecting a rival proposal from Primary Health Properties PLC (LSEHP, OTCHPRF). KKR and Stonepeak, through their Sana 'bidco' vehicle, upped their final offer to 52.1p per share in cash, including two 0.84p dividends.