Wednesday, August 24, 2005

Beverly to accept NASC bid

After a brief flirtation with Formation Capital, Beverly Enterprises Inc., which formerly owned several nursing homes in southwest Missouri and still has one in Anderson, has agreed to a $13 per share merger bid from North American Senior Care, Inc., according to Arkansas Business.
Two weeks ago, Beverly officials agreed to sell to NASC then Formation Capital, which had attempted a hostile takeover earlier this year, came in with a higher bid. The most recent bid by NASC was 20 cents per share higher, Arkanaas Business said, and is approximately $1.9 billion.

No comments:

Post a Comment