And finally Midwich Group confirmed last week's RARE Alert about the company's acquisition of Dubai-based NMK Group. Below is the link:
Posts tagged: NMC Health
It's been a torrid week for global stock markets but have a guess at which company was the best performing stock in the FTSE 100?
Yes, it was the gulf-based hospital operator Muddy Waters loves to hate: NMC Health.
According to Bloomberg data, NMC Health's shares were up 9.73pc on the week, making it the best performing stock in the blue chip index. HSBC was the second best performer, losing 4pc on the week...
Is Morgan Stanley advising/financing GKSD and Gruppo San Donato on their potential bid for NMC Health?
The reason I posit this question is that there have been a series of disclosures suggesting that's the case without it being explicitly laid out. See below:..
Avid followers of my work might have noticed over the weekend in the Mail on Sunday's business section that a colleague and I spotted that Richard Chandler, the Kiwi "billionaire" was behind Jasmine Capital Investments, which has been building a significant stake in beleguered NMC Health over the last few weeks. See the link below:..
So KKR decided to finally make a statement regarding FTSE 100-listed NMC Health. I have pasted it below:
"Kohlberg Kravis Roberts & Co. L.P. ("KKR") notes the announcement yesterday by NMC stating that it has received an approach from KKR regarding a possible offer for NMC.
KKR confirms that it has not made a proposal nor discussed with NMC the terms of any possible offer, and that it does not intend to make an offer for NMC."..
Sometimes I wonder whether it's all worth it; this M&A reporting lark. Even when you break a great story, people hand out stick for one reason or another.
Anyway, in case you missed the news today NMC Health confirmed last week and weekend's tales about private equity interest, namely KKR, in NMC Health.
Below is the link: ..
Private equity firms are said to be circling around NMC Health, the London-listed gulf hospital operator.
People following the situation said several of the world's largest buy-out houses have held talks with executives from NMC Health about a take private of the beleguered company.
However, it's not clear whether a formal written offer has been submitted to NMC Health, which has been the focus of a short selling attack from Carson Block's Muddy Waters...
It turns out it was Krupa Global Investments, the Czech activist, that was the "unusual" investor buying some of the stake sold last week by NMC Health's largest Gulf-based shareholders.
Below is a link to Krupa's announcement, some blurb about the firm and also Betaville's original piece:..
NMC Health, the London-listed private hospitals company based in the United Arab Emirates, may see an "unusual" investor come onto its shareholder register that could spark another round of takeover speculation.
Earlier this week, lenders to two of NMC Health's largest Gulf-based shareholders forced them to sell $493 million of stock, around 15pc, via an accelerated bookbuild. The share sale was believed to have been a margin call by Deutsche Bank and Credit Suisse...
This doesn't look good: two of the larger Abu Dhabi-based shareholders in NMC Health are trying to offload $490 million of stock in the embattled gulf-based healthcare group via their lenders amid a bear raid from Muddy Waters, the most feared short seller. Below is the top-line from the this evening's announcement and link:..
The vicious spat between notorious short seller Muddy Waters and FTSE 100-listed healthcare group NMC Health continues unabated.
This morning Carson Block's outfit pinged financial hacks with a fresh note. It starts off by saying:
"Muddy Waters Capital LLC believes that NMC Health’s response to our December 17, 2019 report was misleading, and outright false in certain portions. MW expects to comment more comprehensively on NMC going forward..."..
It was good to see former Telegraph colleague Alistair "Acerbic" Osborne, now of the The Times, sticking up for rival hacks at the Financial Times in his column in today's business section. Below is a link to Alistair's column, one of the best business reads in the UK press:..
Tucked away in the Evening Standard's City section is a suggestion that Carson Block's next target in 2020 might be FTSE 100-listed Rolls Royce.
Now, to be clear I have no clue who Muddy Waters plans to target next but the short seller does appear to be having a bit of field day with UK-listed stocks, such as NMC Health and Burford Capital...
Are you are wondering why FTSE 100-listed NMC Health's shares are down 20pc this morning? Well, it's because notorious short seller Muddy Waters has just released its first note on the gulf-based healthcare company.
Now, I'm not going to repeat the allegations from Muddy Waters - which hit the headlines earlier this year with its allegations about Burford Capital - here but obviously Carson Block's outfit hasn't been particularly complimentary...
Shares in NMC Health, the gulf-based hospital company, are up around 30pc this morning and some readers might be wondering why.
Well, the company is one of the most shorted stocks in the London market but this morning the FTSE 250-listed group announced unveiled half-year figures and a $200 million share buyback programme...