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Germany: Hospitals work to appease shareholders in merger spat

 |  November 18, 2013

Two hospitals looking to merge announced Monday they are working with shareholders to settle a dispute that blocked the deal, say reports.

Chain Rhoen-Klinikum and healthcare group Fresenius attempted a merger last year, but two shareholders halted the deal. One such shareholder, medical supplies manufacturer B. Braun, upped its share in Rhoen last October to a blocking minority stake of 11 percent.

Shareholder hospital chain Asklepios was also opposed to Fresenius’ $4.2 billion buyout of the hospital chain.

Now, reports say the two healthcare providers are working with the shareholders to move forward with the deal, and the parties are now reportedly in talks to resolve the dispute.

Full Content: Reuters

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