MUMBAI (July 13): India's Fortis Healthcare Ltd said on Friday it accepted an investment offer from Malaysia's IHH Healthcare Bhd, capping a months-long bidding war for control of the firm that drew interest from domestic and international suitors.
Cash-strapped Fortis said IHH will invest 40 billion rupees ($584.11 million) at 170 rupees per share in the company that operates about 30 private hospitals in India, where the race to cash in on a private healthcare boom is heating up. The offer is at a 19.5 percent premium to Fortis' closing price on Thursday.
Better late than never. The U.S. special counsel indicted 13 Russian nationals for committing cyber fraud in support of Donald Trump’s presidential campaign. And now Israel’s Toka is announcing it has raised $12.5 million to help countries strengthen their cyber defenses. Tel Aviv-based Toka has raised the seed round from investors including Andreessen Horowitz; Entrée Capital; […]
BEIJING (July 13): A hotel in the Chinese city of Shenzhen plans to charge its U.S. guests an extra 25 percent amid a trade war between Beijing and Washington, according to the Global Times, a tabloid published by the ruling Communist Party’s People’s Daily.
The Modern Classic Hotel Group had put up a notice at its hotel informing guests of the extra charge on American guests, the paper said in a report dated Thursday.