Muddy Waters rumoured bid target of NMC Health PLC – Zak Mir update

Here is a Zak Mir Bulletin Board Heroes extra covering today’s news, are you are wondering why FTSE 100-listed NMC Health’s shares are down 20pc this morning?

Well, it’s because notorious short-seller Muddy Waters has just released its first note on the Gulf-based healthcare company.

 

 

Now, I’m not going to repeat the allegations from Muddy Waters – which hit the headlines earlier this year with its allegations about Burford Capital – here but obviously Carson Block’s outfit hasn’t been particularly complimentary.

What I would say, though, is the timing of Muddy Waters’s attack is intriguing as since August the company has been the subject of persistent takeover speculation.

In fact, it was Reuters that first reported in August that two groups, including one from China, were (or are?) interested in buying a 40pc strategic stake in NMC Health. Below is the link:

DUBAI/ABU DHABI (Reuters) – Two groups, including one backed by China’s Fosun (0656.HK), have made competing for offers to buy a 40% stake in London-listed NMC Health (NMC.L) worth up to $1.9 billion (£1.5 billion), four sources familiar with the deal said.

Source Link betaville.co.uk/news/muddy-waters-mauls-bid-target-nmc-health/


Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates.

Terms of Website Use

All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned

Share via
Copy link
Malcare WordPress Security