May 23, 2010 / 11:45 PM / 9 years ago

Australia's Healthscope lets suitors review books

MELBOURNE, May 24 (Reuters) - Australian private hospital operator Healthscope Ltd HSP.AX on Monday said it would let its private equity suitors review its books over the next several weeks as they look to seal a $1.5 billion offer for the group.

Healthscope advised shareholders take no action on the offer of A$5.75 a share from TPG [TPG.UL] and Carlyle [CYL.UL].

“The due diligence process may or may not result in an offer for the company or a recommendation by the board,” Healthscope said. ($1=1.201 Australian Dollar) (Reporting by Sonali Paul; Editing by Balazs Koranyi)

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