Evening Standard – A third big investor today weighed in to the battle for the future of troubled recruitment group Healthcare Locums after last week’s revelations that a hedge fund was planning a deal that would massively dilute the holdings of other shareholders.
It emerged on Friday that Toscafund, which holds 15.5% of Healthcare, was plotting to buy up the company’s huge debts – currently more than £100 million – in return for a majority stake. Sources said the proposal appeared to have the tacit support of the board, a charge the company denies.
