KKR says no to NMC Health takeover bid
US buyout group KKR has said it will not make a bid for the beleaguered UAE healthcare company NMC Health, dampening investor hopes of a rescue buyout and sending its shares and convertible bonds lower.
On Monday, NMC Health said it had received "highly preliminary" takeover approaches from KKR and GKSN Investment, a Switzerland based fund linked to Turkish businessman Kamel Ghibri.
But on Tuesday KKR dismissed the announcement.“KKR confirms that it has not made a proposal nor discussed with NMC the terms of ...
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