SYDNEY: Canadian investment firm Brookfield Asset Management made a US$3.3bil approach for Australian hospital group Healthscope, trumping a local buyout proposal and sending shares of the target up to a two-year high.
The approach, disclosed by Healthscope in a statement, sets the scene for a takeover battle for the No. 2 Australian private hospital operator which has seen its shares slide due to high debt and a shift back to public health services after a scandal in the private sector.
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