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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.
News For GTIV;KND From The Last 14 Days
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November 19, 2014
20:07 EDTKNDKindred Healthcare 5M share Secondary priced at $19.75
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November 17, 2014
07:48 EDTKNDKindred Healthcare files to sell 5M shares of stock and tangible equity units
Kindred Healthcare announced that it has launched concurrent underwritten public offerings of 5,000,000 shares of Kindred's common stock and 150,000 tangible equity units. Each tangible equity unit has a stated amount of $1,000 and is comprised of a prepaid stock purchase contract and a share of mandatory redeemable preferred stock, each issued by the Company. Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as the joint book-running managers for the concurrent offerings.
November 12, 2014
08:01 EDTKNDKindred Healthcare to acquire Centerre Healthcare for $195M in cash
Kindred Healthcare announced that it has signed a definitive merger agreement to acquire Centerre Healthcare Corporation, a national company dedicated to operating Inpatient Rehabilitation Hospitals, for a purchase price of approximately $195M in cash. Centerre currently operates 11 Inpatient Rehabilitation Hospitals with 612 beds in partnership with some of the nationís leading acute care hospital systems through joint ventures. Centerre has two additional hospitals with a total of 90 beds under construction and scheduled to open in 2015, and a pipeline of additional potential hospitals in various stages of development.

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