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(Reuters) -Australian aged-care provider Estia Health Ltd said on Friday it received a non-binding buyout proposal from U.S. private investment firm Bain Capital for A$775.1 million ($517.77 million), sending its shares to an over 3-year high.
The A$3.00 cash per share proposal, which is at a 28.2% premium to Estia's last close, is among the latest proposals by a private equity firm since last year amid increasing merger and acquisition activity in Australia.
The board of Estia Health is consi...
>>> Read more: Australia's Estia Health surges after $517.7 million bid from Bain Capital
The A$3.00 cash per share proposal, which is at a 28.2% premium to Estia's last close, is among the latest proposals by a private equity firm since last year amid increasing merger and acquisition activity in Australia.
The board of Estia Health is consi...
>>> Read more: Australia's Estia Health surges after $517.7 million bid from Bain Capital
