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Primary care property investor and developer Assura has rejected an "opportunistic" takeover proposal by its peer MedicX Fund.
GP landlord Assura said today that its board has decided unanimously to reject the potential bid by Medicx, first mooted on May 17.
The all-share offer proposal was for the entire issued share capital of Assura on the basis of 1 MedicX Share for every 2.05 Assura shares. The offer valued Assura at 40 p per share,...