Assura said on Monday that its board has agreed a £1.79 billion offer from Primary Health Properties (PHP.L) (PHP). PHP had laid down a £1.68 billion bid last month but was outbid by a rival suitor, ...

PHP outbids rival with £1.79bn takeover deal for Assura - Assura’s directors said they believe the fresh deal is in the ‘best interests’ of the medical property firm’s shareholders.

PHP is funding the cash portion of the offer through a £1.225pm facility arranged by Citibank, Lloyds and RBS. A revised offer document will be sent to Assura shareholders in the coming days.

British healthcare REIT Assura on Monday said that Britain's Takeover Panel has extended the deadline for its potential deal with Primary Health Properties to May 5.