The Battle for Fortis
Fortis in its board meeting on 19 April 2017, constituted an expert advisory committee to evaluate the offers submitted to the board by the five bidders. The bidders, other than Manipal-TPG, were required to submit their final bids by 1 May 2018, while Manipal-TPG can submit their final bid by 6 May 2018.
IiAS has evaluated the bids submitted to the board and what it means for the shareholders.
For full report, please click here.