Ares, Toscafund To Buy Rest Of Healthcare Locums Stock

Law360, New York (April 11, 2013, 3:33 PM EDT) -- A joint venture by U.K. private equity firm Toscafund Asset Management LLP and Los Angeles-based debt and equity financier Ares Capital Corp. has agreed to acquired all of the outstanding shares of London-based staffing solutions firm Healthcare Locums PLC for 0.75 pence per share in cash, Healthcare Locums said Thursday.

The firm agreed to accept the consortium's offer, which is a 47.1 percent premium to Healthcare Locums' closing price of 0.51 pence on the London Stock Exchange on Wednesday. Ares Capital Europe Ltd. and Toscafund already...
To view the full article, register now.