Manipal Tpg
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Fortis stake sale: Manipal Health Enterprises-TPG combine extends validity of revised offer to 6 June
•Manipal-TPG combine has said it has extended the validity of its modified offer for Fortis Healthcare to 6 June, 2018.
Fortis stake sale: Manipal Hospital, TPG Capital Management re-enter race with Rs 180 a share
•Fortis had initially agreed to a deal with the Manipal-TPG consortium, but shareholder objections and competing offers scuttled that deal.
Fortis Healthcare's director Brian Tempest says Munjals-Burmans bid was prefered owing to certainty, liquidity
•Majority of Fortis Healthcare's board opted for the Munjals-Burmans offer keeping in mind the certainty and liquidity issues, the company's director Brian W Tempest said
Race for Fortis: Disappointed, keeping options open, says Malaysia's IHH Healthcare
•Last evening, Fortis Healthcare had announced that its board had picked the offer from Munjals-Burmans combine over four other suitors who made binding offers
Fortis Healthcare board members deny allegations made by two institutional shareholders
•Fortis Healthcare's four directors, whose removal has been sought by two institutional shareholders, have denied allegations that they failed to maintain corporate governance and fairly represent interests of all shareholders