UK's PHP secures acceptance from 62.9% Assura shareholders, clears path for acquisition

Aug 12 (Reuters) - Primary Health Properties PHP.L said on Tuesday it had secured acceptances for 62.9% of Assura AGRP.L shares in its takeover bid for the British healthcare real estate investor.

PHP confirmed that all remaining conditions to its revised $2.4 billion bid for Assura have now been satisfied, which implies that PHP can now proceed with the acquisition.

Assura on Friday reiterated its support for PHP's takeover bid, despite rival suitor KKR KKR.N urging it to back its competing offer.

The U.S.-based private equity firm and PHP had been locked in a months-long battle for Assura before its board backed PHP's higher bid in June.