Australia: Abano Healthcare to acquire 1300Smiles for A$166m

Abano Healthcare, one of the largest trans-Tasman dental groups, has entered into an agreement to by a majority share in ASX-listed Queensland-based 1300Smiles for a cash consideration of A$166m (US$120.1m). In the deal, Abano would acquire 84% of 1300Smiles, with non-founder shareholders receiving A$8 per share for their holdings and founder shareholders receiving A$6.33 per…

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