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Stock Market & Financial Investment News

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April 7, 2014
08:20 EDTHCTAmerican Realty Capital Healthcare Trust announces $150M tender offer
American Realty Capital Healthcare Trust announced that, in conjunction with the listing of its shares of common stock on the NASDAQ Global Select Market, it has commenced a concurrent tender offer to purchase an amount in value of its shares of common stock up to $150M from its stockholders. In accordance with the terms of the tender offer, ARC Healthcare will pay a purchase price of $11.00 per share, net to the seller in cash, less any applicable withholding taxes and without interest. ARC Healthcare intends to fund the tender offer with cash on hand and funds available under ARC Healthcare's unsecured revolving credit facility. The tender offer will expire on May 2, unless the tender offer is extended or withdrawn.
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