| Publication: | HeraldSun.com.au |
|---|---|
| Date: | 27 October 2008 |
| Section: | Business |
Article excerpt:
AUSTRALIA'S only listed health insurer, NIB, has rejected an unsolicited, incomplete takeover offer valuing the company at up to $621.44 million.
NIB, which is Australia's fifth largest health insurer, said the non-binding proposal from the un-named third party valued NIB between $1.15 and $1.20 per share.
