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FINWIRES

Monash IVF Group Rejects Revised Takeover Proposal

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Monash IVF Group (ASX:MVF) rejected the revised non-binding indicative proposal from a consortium comprising Genesis Capital Investment Management and WHSP, a subsidiary of Washington H. Soul Pattinson and Co. (ASX:SOL), to acquire all of the shares in the company through a scheme of arrangement at AU$0.90 apiece, according to a Monday filing with the Australian bourse.

The company's board has unanimously concluded that the proposal undervalues the company and is not in the best interest of shareholders, the filing said.

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