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Fortis Healthcare's board to consider options amid takeover battle

Reuters  |  MUMBAI/BENGALURU 

By Zeba Siddiqui and Tanvi MehtaMUMBAI/BENGALURU (Reuters) - Fortis Healthcare Ltd said on Monday its board would meet on Thursday to consider options after the hospital company became the target of rival takeover bids.Malaysia's IHH Healthcare Bhd has made a proposed offer for Fortis worth $1.3 billion, while smaller local rival Manipal Health Enterprises Pvt Ltd, has made an offer of about $1.2 billion.Fortis Healthcare said in a stock exchange filing its board planned to meet on April 19 to "consider all options."IHH, one of Asia's largest healthcare operators, said Fortis Healthcare had ...

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First Published: Mon, April 16 2018. 21:50 IST
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