Home Health & Hospice Week
Kindred Gives Up Hostile Takeover Bid For Gentiva
Kindred Healthcare’s hostile takeover bid for Gentiva Health Services Inc. appears to be over, but Kindred isn’t out of the running as the company’s purchaser.
Atlanta-based Gentiva has entered into a nondisclosure agreement with the unnamed company that offered $17.25 per share to purchase the company when Kindred was making tender offers ranging from $14 to $16 per share. Gentiva has also said it would enter into the same agreement with Kindred when it terminated its partial tender offer.
Kindred has done so, according to a July 20 release from the Louisville-based company. It will also offer $17.25 per share contingent upon due diligence, it said.
Gentiva says its board “will carefully re-view the two proposals and any other proposals it might receive, including any revised proposals.”
Home Health & Hospice Week
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Kindred Gives Up Hostile Takeover Bid For Gentiva
Kindred Healthcare’s hostile takeover bid for Gentiva Health Services Inc. appears to be over, but [...]
