LONDON (Reuters) - Packaging maker Rexam REX.L said it had received a binding offer of $805 million in cash for its healthcare business from a private equity firm and planned to use the proceeds of the sale to return cash to shareholders. Rexam said on Monday that the sale of the division to Montagu Private Equity was part of its plan to maximize shareholder value and it planned to return 450 million pounds ($740 million) to shareholders from the sale. ($1 = 0.6085 British pounds)
There is an offer for the health care business for $740 million.
It is definitely incorrect because the offer was for $805 million.
( z1 offer :ARG1 ( z2 business :mod ( z3 healthcare ) ) :ARG3 ( z4 monetary-quantity :quant 700000000 :unit ( z5 dollar ) ) )