Mediclinic said to weigh £1.8 billion plus takeover bid for Spire Healthcare - part 3

Monday, 23 October 2017, 7:26 am

Well, that took a while - a year, in fact. Readers might recall that Betaville first raised the prospect of Mediclinic instructing bankers at Morgan Stanley to look at buying the remainder of Spire Healthcare that it didn't own around about this time last year (see below).

https://www.betaville.co.uk/news/mediclinic-said-to-be-preparing-1.5-billion-plus-bid-for-spire-healthcare/

However, it was Dan Dunkley who should really win the plaudits. The intrepid M&A hack over at The Sunday Times landed the genuine "scoop" with his tale this weekend about Mediclinic launching it's £1.3 billion takeover bid for Spire Healthcare. Below is a link to Dan's piece:

https://www.thetimes.co.uk/edition/business/spire-faces-1-3bn-bid-from-south-african-healthcare-provider-mediclinic-international-jxtc9ql0z

Now stock market reporters are likely to claim the story as the the gossip was all over the market reports on Saturday. However, as Betaville well knows from past experience there is a rather larger difference beween stacking up a story and running it on the front page of a business section and using the tale as the introduction to a market report. So, hat tip to Dan Dunkley...

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[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

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