KKR’s 10-Month Pursuit of UK Landlord Set for Final Showdown

About 10 months after KKR & Co. first came knocking, the fate of the UK’s largest publicly traded health-care landlord is about to be decided, with the outcome on a knife edge and implications that could extend far beyond a single takeover battle.

Shareholders of Assura Plc have until August 12 to decide between the much sweetened cash offer from a re-jigged consortium that now includes Stonepeak Partners alongside KKR, or else follow management’s recommendation to accept the cash and share bid from rival landlord Primary Health Properties Plc.