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Stock Market & Financial Investment News

News Breaks
July 14, 2014
12:06 EDTKND, GTIVGentiva Health urges holders to take no action in response to Kindred offer
Gentiva Health Services (GTIV) noted that Kindred Healthcare (KND) has announced a revised tender offer to acquire 14.9% of the outstanding shares of Gentiva common stock for $16.00 per share in cash. The closing price of Gentiva common stock on Friday, July 11 was $15.82 per share. Consistent with its fiduciary duties and as required by applicable law, the Gentiva Board of Directors will review the revised tender offer in consultation with its financial and legal advisors to determine the course of action that it believes is in the best interests of the company and its stockholders. Gentiva stockholders are advised to take no action at this time pending the review of the revised offer by the Gentiva Board of Directors. Barclays and Edge Healthcare Partners are serving as financial advisors to Gentiva and Greenberg Traurig, LLP is serving as legal advisor.
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