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Reuters
Reuters
Business

New Zealand's Orion Health receives takeover offer from Grafton Health

(Reuters) - Orion Health Group Ltd said on Thursday it received a takeover offer from Grafton Health Holdings Ltd for NZ$111.2 million ($75.95 million).

The NZ$1.224 per share offer is at a premium of 6.4 percent to Orion shares' last closing price.

Orion said the board had formed a committee to consider the offer, and advised shareholders to not take any action for now.

(Reporting by Rashmi Ashok in Bengaluru)

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