Summary
CARE home operator Southern Cross has declined to begin discussions with a private equity firm over a possible takeover.
The Darlington-based firm, which operates more than 700 sites, was initially approached by London-based Towerbrook Capital Partners earlier this month, but has now received a preliminary proposal from the firm to begin talks over an offer.See the full content of this document
Extract
Care Home Firm Takes Time to Consider Options
The move comes after Southern Cross issued a profits warning as it continues to feel the pinch from its key local council customers, w...
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