Monash IVF (ASX: MVF) Share Price Soars as Board Rejects 80¢ Takeover Bid and Macquarie Sees 54% Upside
Monash IVF shares jumped 40% to 86¢ after the board rejected an 80¢-per-share takeover bid from a Genesis Capital and Washington H. Soul Pattinson consortium, calling the offer opportunistic and undervalued. The move follows recent disclosures of falling patient numbers and a new board appointment. The consortium already owns 19.6% of the company.