Green Cross shares spike as deal proves value
Board focused on delivering for shareholders in sale of medical division to Tend Health for more than the group’s entire market cap.
Tend Health founders: Josh Robb, Cecilia Robinson, James Robinson, Dr Mataroria Lyndon.
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The sharemarket’s chronic undervaluation of Green Cross Health’s medical division was starkly exposed in its announced conditional sale for $270 million – $55m more than the whole company’s market capitalisation at Friday’s close.
Green Cross shares soared as much as 40% on the
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