An eye for a deal
Pulse Health Limited (ASX: PHG) launched an unsolicited all scrip takeover bid for Vision Eye Institute Limited(ASX: VEI) on Monday. PHG’s bid comes at a time that VEI has no CEO. If successful, PHG will become a niche specialist healthcare provider generating around $35 million in earnings before interest, tax, depreciation and amortisation, with a market capitalisation (at current prices) of around $250 million. We own VEI shares in the investment portfolio.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the Future Generation companies, the first LICs to deliver both investment and social returns.
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