Monday, November 29, 1999

Khazanah offers S$3.95/share in Parkway general offer

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Malaysian state investor Khazanah said on Monday it was offering S$3.95 ($2.88) per share for all outstanding shares of Singapore healthcare firm Parkaway Holdings .India's Fortis Healthcare , which was locked in a battle with Khazanah for control of Parkway, has decided to accept the offer, Khazanah said in a statement.Fortis and Khazanah each currently own about 25 percent of Parkway.(Reporting by Saeed Azhar; Editing by Raju Gopalakrishnan)(For more business news on Reuters India click http://in.reuters.com)

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