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Australia’s Symbion Recommends Acceptance Of Primary Acquisition Offer

This article was originally published in PharmAsia News

Executive Summary

Australia's health care giant, Symbion Health, now recommends its shareholders accept a $2.4 billion acquisition try by Primary Health Care after the buyer said its bid was unconditional. Primary said in an official notice it now has 53.8 percent of Symbion's voting shares. Primary's offer for more shares is expected to close Feb. 21, when the buyers begin considering whether to divest some of Symbion's assets. (Click here for more

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