Published by Global Banking & Finance Review®
Posted on April 7, 2025
1 min readLast updated: January 24, 2026
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Assura's potential deal with PHP has a new deadline of May 5, set by the UK's Takeover Panel. Discussions with KKR and Stonepeak Partners continue.
(Reuters) -British healthcare REIT Assura on Monday said that Britain's Takeover Panel has extended the deadline for its potential deal with Primary Health Properties to May 5.
The PUSU deadline, known as the "put up or shut up" date, requires a potential bidder to either make a firm offer for the target by this date or walk away.
Assura, which manages over 600 healthcare properties with an investment value exceeding 3 billion pounds ($3.84 billion), counts Britain's state-backed National Health Service as a customer.
It has fielded seven proposals from PHP and a U.S. consortium of KKR and Stonepeak Partners in recent weeks.
Shares of Assura opened lower, in line with the London market, but reversed some losses following the announcement. By 1406 GMT, shares were down 2.1% at 44.9 pence.
The company said it remains in discussions with the consortium about a potential deal.
($1 = 0.7817 pounds)
(Reporting by Aby Jose Koilparambil and Yamini Kalia in Bengaluru; Editing by Tasim Zahid)
The main topic is the extension of the deadline for Assura's potential deal with Primary Health Properties by the UK's Takeover Panel.
The PUSU deadline requires a potential bidder to make a firm offer by a set date or withdraw from the deal.
Assura, Primary Health Properties, KKR, and Stonepeak Partners are involved in the potential deal.
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