Livewire Exclusive: Healthscope talk of the town again

Healthscope (HSO.ASX) has found itself talk of the town again after it received its second non-binding approach from a consortium led by BGH Capital.

With the bid described by the Healthscope board as “substantially the same”, the discount observed in the share price relative to the offer headline price reflects a market uncertain about whether the transaction will complete under the existing terms.

So how does the bid stack up, and why has BGH felt confident enough to submit an offer substantially similar to the one that was knocked back by the Healthscope board only a few months ago?

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