TA Associates' 600 million pound bid for Britain's Advanced Medical Solutions, Sky News reports
April 18 (Reuters) - U.S. private equity firm TA Associates is considering a 600 million pound ($810.84 million) plus takeover of British medical supplier Advanced Medical Solutions Group AMSU.L, Sky News reported on Saturday.
Here are a few details:
TA Associates is preparing to make a formal offer of about 280 pence per share for Advanced Medical Solutions Group, Sky News said, adding that if backed by the company's board, the bid would value the AIM-listed healthcare products maker at more than 600 million pounds.
A deal between TA Associates and AMG Group could be announced within days, the report said.
Advanced Medical Solutions Group has attracted interest from several private equity firms in recent years, with buyout groups including Inflexion, Montagu and Bridgepoint BPTB.L all having examined potential bids at different stages, Sky News said.
Reuters could not immediately verify the report. TA Associates declined to comment and Advanced Medical Solutions Group did not respond to a request for comment outside business hours.
($1 = 0.7400 pounds)
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