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TAKEOVER

BGH launches takeover bid against Ramkhamhaeng

Bangkok Dusit Medical Services Plc (BGH), the operator of Bangkok hospital chain, has publicly revealed its takeover bid for Ramkhamhaeng Hospital Plc.



The takeover filing was filed on January 2 and Ramkhamhaeng said it was notified of the intention on January 3.

 In the filing, BGH will tender for all remaining shares of Ramkhamhaeng, totalling 8.86 million shares or 73.82 per cent. At the tender price of Bt480 a share, the takeover would cost BGH Bt4.25 billion. As of January 2, BGH holds 3.1 million shares or 26.18 per cent of total.

      Ramkhamhaeng reported that during November 20, 2007 to January 2, 2008, a number of 81,900 shares were changed hands at the average price of Bt540 apiece.

 Earlier, BGH had built up its stake in Ramkhamhaeng without revealing if it aimed to eventually launch a takeover bid.

- The Nation


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