Sunrise Senior Living, Inc. SRZ announced today the closing of its previously announced acquisition by
Health Care REIT, Inc. HCN. Sunrise also announced today the closing
of the previously announced sale of its management business to an entity
formed by affiliates of Kohlberg Kravis Roberts & Co. L.P., affiliates of
Beecken Petty O'Keefe & Company and Health Care REIT. As of the close of
market on January 8, 2013, Sunrise common stock has ceased to trade on the New
York Stock Exchange.
As a result of these transactions, Sunrise stockholders will receive a total
of $14.50 in cash per share (comprised of $12.40 in cash per share as merger
consideration and $2.10 in cash per share as a special dividend).
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in