News for Estia Health Limited (EHE.AX)

Bain Capital's takeover of Estia Health gets shareholder nod

The best time to invest in small companies is before the recovery from a period of economic slowdown. With interest rates high but stable, and inflation starting to fall to a more manageable level, we believe small caps are poised to deliver strong performance over the coming years.

The local share market has finished down 0.2 per cent as a slew of major companies prepare to release their earning reports this week.

After five months of pursuit, the board of Estia Health have agreed to the revised offer of $838 million from US private equity firm Bain Capital. The deal, subject to shareholder approval, will see the firm buy Estia for $3.20 per share, a 50% premium from the initial time of the offer.

The share price of aged care homes specialist Estia Health (ASX: EHE) leapt by 14% in morning trade on the news of an upgraded acquisition offer from leading international private investment firm Bain Capital.

Estia Health provides a trading update and outlines the details of its recent acquisition of Mount Clear, just one month after receiving a proposal from Bain Capital.

Agritech company Roots continued to progress a number of activities which led to a strengthened intellectual property portfolio.

The ASX is expected to open lower on Tuesday ahead of a much-anticipated rates decision from the Reserve Bank of Australia — to pause or not to pause.

Tribeca Investment Partners believes sees attractive opportunities in some of the more beaten down sectors of small caps.

Atomo Diagnostics (ASX:AT1) announced a ‘take-or-pay’ agreement with long term partner Viatris for its HIV Self-Test in South Africa.

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Jim Chalmers' maiden budget manifesto was short of evident largesse, but for investors it was well short of a Halloween horror act.