The offer price is either a cash consideration of 33 cents per share or a cash and securities consideration of 22.4 cents and 32.1148 cents in Holdco shares. The Holdco is owned by the TPG fund.
The scheme meeting in relation to the proposed acquisition of Econ Healthcare by a TPG-affiliated fund has been set on Apr 9, according to a bourse filing on Apr 4.
The healthcare group first received a privatization offer via a scheme of arrangement from a special purpose vehicle (SPV) controlled by a TPG-affiliated fund on Feb 14.
