Ramsay Sweetens Takeover Offer For Spire

(RTTNews) - Australia's Ramsay Health Care Ltd. on Monday sweetened its all-cash takeover offer for British competitor Spire Healthcare to 250 pence per share, after some investors opposed the initial offer.

Ramsay's latest offer of 250 pence per share for Spire would be its final one. Its latest offer is a premium of about 30% to Spire's share price the day before the first bid was made on May 26. On May 26, Spire said it agreed to takeover offer from Ramsay for 240 pence per share.

The board said it believes that the increased final offer is in the best interests of Spire shareholders as a whole, and recommends that shareholders vote in favor of the offer.