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Symbion takeover battle turns hostile

October 12, 2007

THE takeover battle amongst Primary Health Care, Symbion Health and Healthscope has turned publicly bitter.

Primary today accused Symbion today of “deliberately misrepresent(ing)” a letter it sent and of refusing to meet to discuss its proposal.

Primary said the behaviour of Symbion's board was “regrettable and myopic” and said it “brought into further question the board's duty to act in the best interests of all shareholders”.

- AAP

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