Pulse eyes off Vi­sion

Townsville Bulletin - - NEWS -

HEALTH­CARE provider Pulse Health has lobbed a $ 158 mil­lion takeover of­fer for Vi­sion Eye In­sti­tute. Pulse has put for­ward an of­fer that would see in­vestors re­ceive 1.6 Pulse shares for ev­ery Vi­sion share they own. The of­fer im­plies a value of 88c per share, which is 31 per cent above Vi­sion’s clos­ing price on Fri­day. Both com­pa­nies have been placed in a trad­ing halt. Pulse said the takeover would cre­ate one of Aus­tralia’s lead­ing providers of spe­cial­ist health­care ser­vices. Pulse shares last traded at 56c while Vi­sion shares last traded at 65.5c.

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