Shares of Monash IVF Group (ASX:MVF) fell nearly 3% in recent trading on Tuesday after it said in an ASX filing late on Monday that Washington H. Soul Pattinson and Co. (ASX:SOL) increased its stake in the firm to 19.6% from 9.69% previously.
Monash had rejected a proposal from a consortium holding a 19.6% stake and consisting of Genesis Capital Investment Management and WHSP Holding to acquire the company's shares for AU$0.80 per share via a scheme of arrangement.
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