Assura accepts increased £1.7bn bid from KKR/Stonepeak

(Sharecast News) - Healthcare property investment and management firm Assura has agreed to an increased and final 52.1p-a-share offer from from KKR and Stonepeak valuing the company at around £1.7bn. The announcement comes days after Assura said due diligence in relation to a rival 51.7p takeover proposal from Primary Health Properties was still ongoing, with both parties "working closely" together.

Under the terms of the latest offer Assura shareholders will be pocket 50.42p-a-share in cash, along with two quarterly dividends of 0.84p-a-share.

Reporting by Frank Prenesti for Sharecast.com