Virtus Health (VRT) $7.01

VRT +34.55%: Rallied hard today on the back of an unsolicited, non-binding indication of interest from BGH Capital to acquire the IVF provider for $7.10 cash per share. BGH has bought 8.5 million shares, representing a 9.99% interest at the $7.10 level, and also entered into an agreement with UBS that has yet to settle in respect of 8.6 million shares, representing a 10% interest in Virtus. That flowed onto sector peer Monash IVF (MVF) which rallied as much as 12%. If we price MVF on the same multiple as todays bid for VRT, MVF should be trading ~$1.24 versus todays close of $7.01.

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Virtus Health (VRT)

LAST UPDATED 14/12/2021 16:59

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Virtus Health (VRT)

LAST UPDATED 14/12/2021 16:59