Private equity investors BGH Capital and Ontario Teachers’ Pension Plan Board offered to acquire Abano, an NZX-listed dental company, for $190m. The all-cash price represented a premium of 63% to Abano’s closing price on the NZX 28 June 2019. The offer was terminated in March 2020, due to the coronavirus pandemic. “The Abano board and management team will continue to assess alternative options for the company, with a view to maximising shareholder value, including an intention to engage with Bidco, which has indicated that it is willing to explore whether there is an alternative potential transaction,” Abano.