Quote:
quote:Originally posted by rmbbrave
Caesius,
I'm curious to know what the big "spike" back in Feb->Mar->Apr this year was?
It was an aborted takeover (by ING I think)
The zing has totally gone for shareholders in Calan Healthcare Property Trust, which was set up to own hospitals and related facilities and lease them to medical people. Calan's share price has gone nowhere after hopes of a takeover – at up to $1.55 according to an independent valuation – were dashed by some slick footwork. To almost universal surprise, property group ING, which had offered $1.21 a share, suddenly withdrew the offer. They instead paid between $7 million and $20 million for its lucrative management contract. This gave them effective control, largely removing any takeover premium.