(Il Sole 24 Ore Radiocor) - Milano, 14 mag - The UK healthcare provider Spire said that its board has received a non-binding proposal from funds advised by Toscafund Asset Management, the company's second largest shareholder, regarding a possible cash offer of 250 pence per share.

The proposal includes an option for Spire Healthcare shareholders to elect for an unlisted rollover equity alternative in respect of some or all of their shares, it said.

"The proposal follows a number of earlier proposals from Toscafund to the board regarding a possible offer for Spire Healthcare submitted in the context of the strategic review," the company noted.

"The board remains highly confident in Spire Healthcare's standalone strategy" but concluded that the possible offer is at a value that the it "would be minded to recommend unanimously to Spire Healthcare shareholders." Under UK rules, Toscafund is required, by not later than 5.00 pm London time on June 11, to announce whether it will make a.

firm offer for Spire.

(RADIOCOR) 14-05-26 08:53:50 (0180) 5 NNNN