Northstar Healthcare announces receipt of unsolicited takeover bid

NewsGuard 100/100 Score
May 27 2010

Northstar Healthcare Inc. (TSX:NHC) today announced that it has received an unsolicited takeover bid from Dr. Donald L. Kramer, a former CEO and former director of the Company, to acquire all the issued and outstanding common shares of Northstar Healthcare for Cdn $0.95 per common share.

Consistent with its fiduciary duties and in consultation with its financial and legal advisors, Northstar's Board of Directors will evaluate the unsolicited bid and will prepare and send a directors' circular to shareholders regarding the Kramer offer in accordance with applicable securities legislation on or before June 10, 2010.

Shareholders are advised to take no action until the Board provides a formal response to the unsolicited bid.

Source:

NORTHSTAR HEALTHCARE INC.

Posted in:

Tags: , ,

Comments (0)

Suggested Reading

Racial disparities found in delayed COVID-19 testing among healthcare workers
Millimeter-scale magnetic implants for wireless health monitoring
FUJIFILM Healthcare Europe introduces EndoGel training model for endoscopic procedures
Top minds in multiple sclerosis to speak at CMSC 38th Annual Meeting
Americans perceive mental health treatment as inferior to physical health care, survey reveals
Navigating the minefield of AI in healthcare: Balancing innovation with accuracy
University of Liverpool invests £1M in state-of-the-art teaching facilities for healthcare students
Can generative AI truly transform healthcare into a more personalized experience?

Comments

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical.
Post a new comment
(Logout)
Post

Newsletters you may be interested in

See all Newsletters »

Terms

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

Provide Feedback

You might also like...
AI in healthcare shows promise in trials but needs real-world testing to ensure effectiveness