PHCHD plunges as Toho HD ends consideration of acquisition, denting TOB expectations

The story

PHC Holdings' share price plunged in the market following reports that Toho Holdings had ended its review of an acquisition of PHC Holdings.

The end of the acquisition review has prompted widespread speculation that expectations for a tender offer (TOB) for PHC Holdings have declined.

Assessment of future developments and the possibility of a resumption of the TOB remains on hold pending further information.

At a glance

Event summaryPHCHD shares plunge. Reports that Toho HD has ended its acquisition review reduce TOB expectations.

Acquisition review statusToho HD is reported to have ended its review of the acquisition of PHCHD.

Share price performanceA market reaction has been reported in which PHCHD's share price plunged.

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Reference information generated from public sources. It does not solicit or advise on investments. Prices are 15-minute delayed.