Bumpitrage alert!
Investors have begun to grumble about Remgro's £3.7 billion takeover offer for London-listed Medclinic International.
Word has reached Betaville that some Mediclinic shareholders believe Remgro's 504p a share bid is too "cheap".
Unsurprisingly, some of these investors want a higher offer, ideally around 525p a share for Mediclinic...
The takeover of Mediclinic International was a story Betaville broke back in June and now the final details of the deal have been announced.
The board of Mediclinic is recommending a 504p a share, or £3.7 billion, offer from Remgro, which controlled by the South Afircan billionaire Johann Rupert, and a vehicle backed by MSC, the shipping group backed by the Aponte family.
Anyway, below is a link to this morning's press release in case you missed it:..
I see Remgro, the South African conglomerate backed by the Rupert family, has finally confirmed little old Betaville's UNCOOKED alert from yesterday.
According to this morning's statement, Remgro has offered 463p a share in cash for Mediclinic but this has been rejected by the company's board. Below is a link to the statement: ..