Assura Rejects $1.96 Billion Buyout Proposal from KKR, Universities Superannuation Scheme
British healthcare real estate investment trust Assura has rejected a 1.56 billion pound ($1.96 billion) acquisition offer from private equity firm KKR and pension fund Universities Superannuation Scheme (USS).
KKR has submitted four non-binding proposals to Assura, with the latest offer at 48 pence per share. However, the British company's board has declined the offer.
"KKR is considering whether there is any merit in continuing to try and engage with the board," the U.S. private equity giant stated.
USS, on the other hand, announced that it will not pursue an offer for Assura, either independently or as part of the consortium.
It remains uncertain whether KKR will consider an independent bid for Assura.