Shares in Spire Healthcare jump after approach from Toscafund, founded by City figure known as ‘the Rottweiler’
The board of Britain’s largest private hospital operator has backed a buyout proposal worth £1bn from its second-biggest shareholder, a hedge fund manager known as “the Rottweiler”, sending its shares soaring by nearly 50%.
Spire Healthcare, which owns the Claremont hospital in Sheffield and St Anthony’s hospital in south London, said it had received a non-binding proposal worth 250p a share from funds advised by the activist investor Toscafund Asset Management.
Does anyone actually believe this will work?
Still waiting to hear what Spire Healthcare actually plans to do about it.
Wonder how the public will react to this.
Spire Healthcare is in a tough spot here, curious how they navigate it.
Still waiting to hear what Toscafund Asset actually plans to do about it.
Toscafund Asset has been pushing this agenda for a while now.
At least someone is finally talking about this.
At what point do people start paying attention?
This has consequences that go beyond what most people think.
Toscafund Asset has been vocal about this, good to see them staying on it.
The numbers do not lie on this one.
Spire Healthcare has been pushing this agenda for a while now.
Toscafund Asset is in a tough spot here, curious how they navigate it.
Spire Healthcare has been vocal about this, good to see them staying on it.