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News Breaks
December 21, 2012
10:45 EDTGTIVGentiva Health breaks below its 10-day moving average, levels to watch
The stock is down over 8.5% at time of writing, breaking below support at the 10-day moving average. Next support is at $9.77. Resistance based on the current price of $10.16 is at the 10-day, last at $10.30.
News For GTIV From The Last 14 Days
Check below for free stories on GTIV the last two weeks.
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July 29, 2014
08:04 EDTGTIVKindred reiterates commitment to acquisition of Gentiva for $17.25/share cash
Kindred Healthcare (KND) reiterated its commitment to its proposed combination with Gentiva Health Services (GTIV). As previously announced on July 21, Kindred is willing to enter into a negotiated agreement to acquire all of the outstanding shares of Gentiva for $17.25 per share in cash, subject to due diligence. Kindred is also prepared to enter into appropriate confidentiality and standstill agreements in order to facilitate discussions. Kindred believes that the value Gentiva shareholders would receive through a combination with Kindred is superior to what Gentiva could create on a standalone basis or through a transaction with any third party. Kindred said it is willing and able to quickly execute an all-cash transaction with no financing contingency at $17.25 per share. In addition to offering Gentiva shareholders an all-cash consideration, Kindred is willing to work with Gentiva to structure a transaction under which Gentiva shareholders could elect to receive a mix of cash and stock, enabling them to participate in the significant upside potential of the combined company. Kindred noted that it has already received antitrust approval for its proposed combination with Gentiva. Kindred CEO Paul Diaz, said, “We are as committed as ever to reaching agreement on a value-creating combination of Kindred and Gentiva, and we stand ready to quickly execute an all-cash transaction with no financing condition. We are eager to work with Gentiva, and look forward to entering into appropriate confidentiality and standstill agreements so that we can start the due diligence process. We are confident that constructive dialogue between our two companies will allow us to deliver the value inherent in the proposed combination to our respective shareholder groups, as well as our patients and employees.”
July 24, 2014
17:10 EDTGTIVGentiva Health announces entry into nondisclosure agreement
Gentiva Health Services (GTIV) announced that it has entered into a nondisclosure agreement with the recognized owner, operator and investor who, as disclosed previously, delivered on July 17 a proposal to Gentiva’s board to acquire all outstanding shares of Gentiva common stock for $17.25 per share in cash, subject to certain conditions. As previously disclosed, the board also has received a conditional proposal from Kindred Healthcare (KND). The board intends to provide to Kindred a nondisclosure agreement substantially similar in all material respects to the agreement it entered into with the other party. If and when Kindred executes such nondisclosure agreement, the board will provide Kindred with the same level of due diligence that will be made available to the other party. Kindred’s access to due diligence will be further conditioned on the termination of its partial tender offer for 14.9% of Gentiva’s shares. The board will carefully review the two proposals and any other proposals it might receive, including any revised proposals.
15:38 EDTGTIVGabelli lowers stake in Gentiva Health to 4.19% from 5.19%
July 23, 2014
10:25 EDTGTIVGentiva Health not in talks with Kindred Healthcare, says dealReporter
According to contacts, dealReporter said Gentiva Health (GTIV) and Kindred Healthcare (KND) have not had any discussions, contradicting recent rumors.
July 21, 2014
19:12 EDTGTIVGentiva Health announces receipt of acquisition proposal from Kindred Healthcare
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17:40 EDTGTIVKindred Healthcare offers to acquire Gentiva Health for $17.25 per share
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17:32 EDTGTIVKindred Healthcare offers to acquire Gentiva Health for $17.25 per share
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July 18, 2014
16:20 EDTGTIVOn The Fly: Closing Wrap
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12:42 EDTGTIVOn The Fly: Midday Wrap
Stocks on Wall Street began the session in positive territory and have remained there throughout the morning. The averages moved in a narrow range for most of the opening hour of the session but spurted to higher levels during the second hour. Investors appear to be using yesterday’s sell-off as a buying opportunity, despite the ongoing events in Russia and Israel that largely contributed to yesterday’s action. ECONOMIC EVENTS: The first release of the University of Michigan consumer sentiment index for July fell to 81.3 after ending June with an 82.5 reading. The leading economic indicator index rose 0.3% to 102.2, which was a bit below the forecast for an increase of 0.5%. COMPANY NEWS: Class A shares of Google (GOOGL) advanced over 3% after the search giant reported quarterly revenue that beat expectations last night. Following its report, at least three Wall Street research firms raised their price targets on the stock, while noted tech analyst Collin Gillis of BGC Financial upgraded the stock to Buy from Hold... Dow component General Electric (GE) reported second quarter EPS of 39c, matching the consensus forecast, and revenue that just missed the consensus view of analysts. The company also reported that it is targeting the initial public offering of IPO of Synchrony Financial (SYF), its North American Retail Finance business, for July. In the IPO, Synchrony is offering 125M shares of its common stock, which will be listed on the New York Stock Exchange under the symbol “SYF,” and anticipates that the IPO price of the shares will be between $23.00 and $26.00 per share... Another Dow member, IBM (IBM), fell 0.4% after reporting adjusted Q2 earnings per share and revenue that beat expectations. Afterward, Cantor said it thinks the worst is over for the company and reiterated its Buy rating on the shares, though Societe Generale downgraded IBM to Sell from Hold and Credit Suisse said IBM continues to be driven by less revenue growth and kept its Underperform rating and $160 price target on Big Blue's stock. MAJOR MOVERS: Among the notable gainers was Skyworks (SWKS), which gained 14% after reporting third quarter results and fourth quarter guidance above analyst estimates and seeing no less than five analyst firms raise their price targets on its stock. Also higher was Gentiva Health (GTIV), which rose 14% after it announced that its board unanimously determined to reject the partial tender offer from Kindred Healthcare (KND) to acquire 14.9% of the outstanding shares of Gentiva for a price of $16.00 per share in cash and disclosed that it has received a $17.25 per share, all-cash takeover proposal from a "recognized owner, operator and investor in the sector." After the announcement, shares of Kindred fell 2%. Also lower following their earnings reports were RealPage (RP), which fell over 21%, and Advanced Micro Devices (AMD), which dropped nearly 18%. INDEXES: Near midday, the Dow was up 107.05, or 0.63%, to 17,083.86, the Nasdaq was up 57.98, or 1.33%, to 4,421.43, and the S&P 500 was up 17.04, or 0.87%, to 1,975.16.

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