Finance
UK's Assura snubs KKR takevoer bid in support of competing PHP offer
Published by Global Banking & Finance Review®
Posted on August 8, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 8, 2025
2 min readLast updated: January 22, 2026
Assura backs PHP's $2.4B bid, rejecting KKR's offer. Regulatory scrutiny may impact the deal. Share price changes influenced Assura's decision.
LONDON (Reuters) -British healthcare real estate investor Assura said on Friday that it maintains its support for a takeover bid by Primary Health Properties despite rival suitor KKR urging it to back its competing offer.
Assura said it was urging its shareholders to vote in favour of PHP's $2.4 billion acquisition offer over the KKR-led bid with Stonepeak Partners.
KKR had said earlier in the day that it met with Assura's board in recent days to lobby in favour of its own cash takeover offer.
The U.S.-based private equity firm and PHP were locked in a months-long battle for Assura before its board backed PHP's higher bid in June.
KKR said a number of factors had since changed, including a decline in the share price of both companies, which has in turn raised the premium of its own cash offer.
PHP in a separate statement welcomed Assura's reaffirmation of support for its bid.
Britain's competition regulator also said on Friday it was looking into a possible probe into the PHP and Assura deal if it goes through.
(Reporting by Charlie Conchie and Prerna Bedi; Editing by Emelia Sithole-Matarise and Joe Bavier)
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control. This can involve various forms of payment, including cash or stock.
Equity refers to the ownership interest in a company, represented by shares of stock. It signifies the value of an owner's stake in the business after all liabilities are deducted.
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