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Stock Market & Financial Investment News

News Breaks
July 1, 2014
08:10 EDTGTIV, KNDKindred Healthcare calls on Gentiva board to negotiate transaction
Kindred Healthcare (KND) responded to the decision by the board of directors of Gentiva Health Services (GTIV) recommending against Kindred’s offer to acquire all of Gentiva’s outstanding common stock for $14.50 per share in cash. Kindred CEO Paul Diaz said, “After reviewing Gentiva’s recommendation, it remains clear that Kindred’s offer would create immediate, certain and superior value for Gentiva shareholders. We call on the Gentiva board and management team to sit down and negotiate a transaction that would advance the interests of both companies’ shareholders, employees and patients, as well as our country’s healthcare delivery system. We also call on Gentiva shareholders to make their voices heard by tendering their shares in support of Kindred’s value enhancing offer.” If a majority of the outstanding Gentiva shares are tendered prior to July 16, 2014, Kindred intends to amend the offer to seek to purchase 14.9% of Gentiva’s outstanding shares, positioning Kindred as Gentiva’s largest shareholder, the company said.
News For KND;GTIV 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.

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