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IHH Healthcare proposes bid of US$1.3b for Fortis Healthcare

With a TPG-backed consortium also eyeing Fortis, this may open a takeover battle


IHH Healthcare Bhd has proposed a potential bid of as much as US$1.3 billion for Fortis Healthcare Ltd, which tops an offer from a TPG-backed consortium, said people with knowledge of the matter.

The move opens a possible takeover battle for...

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