Settlement of Takeover Costs Dispute
Abano Healthcare Group advises that on Friday evening it reached a settlement with Crescent in relation to reimbursement by Crescent of the outstanding takeover costs and the dividend payment withheld by Abano. The High Court proceedings filed by Crescent will now be discontinued.
The section 32 meeting convened by the Takeovers Panel at Abano’s request took place on 30 June 2008. Abano understands the Takeovers Panel will be making its own statement on the outcome of the meeting in due course.