Ramsay Health Care Ltd said on Friday a group led by private equity giant KKR & Co pulled the plug on a near $15 billion all-cash buyout offer for the Australian hospital operator, but a cash and stock bid remains on the table.
On Thursday, Ramsay received an alternate proposal from the KKR-led consortium in that its shareholders would be entitled to receive the full A$88 per share offer for the first 5,000 shares.
