NorthWest open to higher bid for Australian Unity fund : vim

NorthWest open to higher bid for Australian Unity fund


NorthWest open to higher bid for Australian Unity fund
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Canada’s NorthWest Healthcare Properties has signalled it is willing to improve on its $2.3 billion bid to take over an Australian Unity-run property trust, while urging the fund manager to address its own potential conflict of interest.
The Canadian powerhouse investor has issued a comprehensive response, it is understood, to Australian Unity Fund Management, following the fund manager’s own blunt dismissal of NorthWest’s offer last week.
The Australian Unity-run fund includes Robina Private Hospital on the Gold Coast. 
Australian Unity had told investors in the unlisted Australian Unity Healthcare Property Trust that NorthWest’s $2.20 per unit offer was effectively a low-ball bid and it was not in their best interests for the Australian Unity-controlled manager to engage in any further discussions with the Canadians.

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