Australia’s Ramsay Health and KKR-led group cease buyout talks

Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., Aug. 23, 2018. REUTERS/Brendan McDermid/File Photo

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Sept 26 (Reuters) – Australia’s Ramsay Health Care (RHC.AX) and a consortium led by KKR & Co (KKR.N) will cease discussions on a non-binding buyout proposal, the hospital operator said on Monday.

The consortium had said earlier this month it will not improve its $14.5 billion cash-and-stock offer for Ramsay.

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Reporting by Harish Sridharan in Bengaluru; editing by Diane Craft

Our Standards: The Thomson Reuters Trust Principles.