Private Equity Rumours Buoy Up Southern Cross ; Market Round-Up

Evening Standard - London › July 09, 2008

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Summary

SOUTHERN CROSS stormed up the FTSE 250 leaderboard today on reports that buyout groups are circling the care-homes operator.

It was left looking closer to deaths door than most of its occupants last week after admitting it was suffering the effects of higher-than-expected attrition rates its term for a greater number of residents than usual passing away.

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Private Equity Rumours Buoy Up Southern Cross ; Market Round-Up

Following a miserable trading update, the company drew private- equity atten-tion by losing three-quarters of its market value. Today it was buoyed by talk th...

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