Nestor looking good as takeover bid rejected

Nestor Healthcare has rejected an unsolicited £101m takeover approach from private equity firm Acromas Holdings on the grounds that it ‘materially undervalued’ the company.Acromas offered 90p per share in cash for Nestor, a 12% premium on the firm’s closing share price the day preceding the offer. Acromas was created out of the merger of breakdown…