Primary Health Properties takeover bid for Assura struggles

Primary Health Properties announced it had received valid acceptances for 287,245,171 Assura shares, representing approximately 8.82% of Assura's issued ordinary share capital as of August 8.

Assura shareholders have until 1:00 p.m. on August 12 to accept the revised offer. The takeover will only complete if valid acceptances exceed 50% of Assura shares.

Harry Hyman, acting in concert with Primary Health Properties, purchased 28,213 Assura shares at £0.947 each on August 11.