IN BRIEF: Spire Healthcare further extends Toscafund offer deadline

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Spire Healthcare Group PLC - London-based private healthcare provider - Announces another deadline extension for Toscafund Asset Management LLP, its second-largest shareholder, to ’put up or shut up’ regarding its possible offer for Spire. The 250 pence per share proposal, announced in May, values the company at around £1.01 billion. Spire notes that it includes an option for shareholders to elect for an unlisted rollover equity alternative in respect of some or all of their stock.

Toscafund’s new deadline is 1700 BST on July 9, the previous deadline being the same time on Thursday, June 25. This was itself an extension from the original deadline of the evening of Thursday, June 11, when Spire said Toscafund was given an extension to allow it to complete its due diligence, and for both parties to continue their ongoing discussions and to agree on definitive transaction documentation.

Current stock price: 214.00 pence, down 3.6% in London on Thursday afternoon

12-month change: down 1.4%

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