UK dentist group switches support after higher offer

The UK’s biggest dentistry group Oasis Healthcare today switched its allegiance and gave its support to a £85m (€126.4m) takeover offer from its largest shareholder.

Oasis said that following talks with Associated Dental Practices (ADP) it had decided to recommend the group’s 91p a share offer for the company, turning its back on a previously recommended bid from private equity firm Duke Street Capital.