Mediclinic has rebuffed a £2bn takeover offer from a group of investors that include its biggest shareholder, Remgro, setting up its shares for their best day in eight months as equity traders bet the Johann Rupert-chaired investment heavyweight is likely to return with a higher bid.
Along with MSC Mediterranean Shipping Company, in late May Remgro offered 463p a share for the 55.4% it does not already own in SA’s most valuable hospital group, which is also listed in London. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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