Narayana Health says not planning to make offer for Spire Healthcare
Spire Healthcare shares had pared earlier strong gains by Friday afternoon after India’s Narayana Health says it does not intend to make an offer for the company.
FTSE 250
20,776.56
12:40 29/11/24
n/a
n/a
FTSE 350
4,563.43
12:40 29/11/24
n/a
n/a
FTSE All-Share
4,518.86
12:40 29/11/24
n/a
n/a
Health Care Equipment & Services
10,692.12
12:30 29/11/24
2.51%
261.37
Spire Healthcare Group
225.00p
12:39 29/11/24
2.51%
5.50p
Narayana made the statement in response to a story earlier in the Economic Times, which cited people familiar with the matter as saying that Narayana was in talks with Spire's shareholders about buying a controlling stake.
The Economic Times said Narayana was planning to buy at least 51% of Spire via an open offer. It also said that if Narayana managed to buy around 75%, it would consider taking the company private.
At 1250 GMT, Spire shares were up 2% at 224.00p, having traded as high as 242.61p earlier.