proposal

In a recent statement, Healthscope (HSP), one of the leading Australia based healthcare service providers that owns and operates around 45 medical/surgical, rehabilitation and psychiatric hospitals declared that it has received an indicative, non-binding and confidential takeover proposal from a private equity consortium. The bid worth as much as $1.74 billion, asking for $5.50 for each Healthscope share.

Transurban Group (TCL), a company that owns, develops and operates intelligent transport system and runs electronic toll roads in Australia and United States is facing a potential sell-down of as much as 40 percent of its securities after the company turned down two takeover bids. Both the offers worth more than $7 billion and came from a consortium of the key shareholders of the company.

In an attempt to compete with Qantas Airways, Air New Zealand (AIZ) and Virgin Blue (VBA) Virgin Blue are looking forward to form a codeshare alliance which will boost up their presence across the Tasman. The proposal is currently waiting for the approval from the regulator.