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Spire still in talks with other parties as Triton, Bridgepoint abandon pursuit
(Sharecast News) - Spire Healthcare said on Monday that talks with others parties about a potential sale are ongoing and that it is also considering other actions after Triton and Bridgepoint abandoned their pursuit of the private hospital operator. Both private equity firms confirmed late on Friday that they were not planning on making a bid for Spire.
"The board of Spire Healthcare remains in discussions with other parties in relation to a potential sale of the company," it said in a statement. Spire added that there can be no certainty that any offer will be made nor as to the terms of any offer, if made.
"The board and management are also continuing to actively evaluate other appropriate actions to drive long-term, sustainable shareholder value," it said. "The board will make a further announcement on this matter in due course as appropriate."
At 0810 GMT, the shares were down 16.4% at 158.92p as investors got their first chance to react to the news, which came out after the close of markets on Friday.
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