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By Ambar Warrick
Investing.com-- Shares of Australian hospital operator Ramsay Health Care Ltd (ASX:RHC) slumped to an over four-month low on Friday after a KKR&Co-led consortium lowered its offer for the firm. The firm also logged a nearly 40% drop in its annual net profit.
Ramsayâs shares slumped over 3% to 70.69 Australian dollars, touching their weakest level since mid-April. Ramsay had paused the trading of its shares before the announcement.
The firm said in a statement that the KK...
>>> Read more: Australiaâs Ramsay Health Care Slumps to 4-Mth Low After KKR Lowers Bid
Investing.com-- Shares of Australian hospital operator Ramsay Health Care Ltd (ASX:RHC) slumped to an over four-month low on Friday after a KKR&Co-led consortium lowered its offer for the firm. The firm also logged a nearly 40% drop in its annual net profit.
Ramsayâs shares slumped over 3% to 70.69 Australian dollars, touching their weakest level since mid-April. Ramsay had paused the trading of its shares before the announcement.
The firm said in a statement that the KK...
>>> Read more: Australiaâs Ramsay Health Care Slumps to 4-Mth Low After KKR Lowers Bid