You are here

Brokerages tell HMI investors to take cash option for clean exit

Shareholders are entitled to either S$0.73 in cash for each HMI share, or one new PanAsia Health share at same price


BROKERAGES are recommending that investors of Health Management International (HMI) take the cash offer by management and private equity firm EQT to take HMI private, calling the deal "fair" and a clean exit amid low trading liquidity.

Maybank Kim Eng on Monday downgraded...