By David WinningSYDNEY--Australian Clinical Labs Ltd. said it would make an all-share takeover offer for Healius Ltd., seeking to create Australia's largest pathology services provider. Australian Clinical Labs said it intends to offer 0.74 of its own shares for each Healius share, representing a nil-premium merger based on recent stock performance. A combination would see Healius shareholders own around 68% of the enlarged company.

Source: Wall Street Journal March 19, 2023 21:46 UTC