Hutson parties likely to sell Abano stake to fund $44m purchases
Will Abano become a takeover target again once its audiology stake is sold? With special feature audio.
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Peter Hutson and associates are likely to sell their 19.1% stake in Abano Healthcare [NZX: ABA] to fund their purchase of Abano’s half of their audiology joint-venture and the buyout of another partner for a total of about $44 million.
The stake is worth $31.5 million at yesterday’s closing share
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Jenny Ruth
Tue, 24 May 2016
Tue, 24 May 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Hutson parties likely to sell Abano stake to fund $44m purchases
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