Market Overview

'Scheduling Conflict' To Keep Brookdale Senior Living From RBC Conference

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A Brookdale Senior Living, Inc. (NYSE: BKD) representative told Benzinga the company will not attend the RBC conference February 22 due to a scheduling conflict.

The cancellation is noteworthy to shareholders, who have long entertained questions about Brookdale sale rumors.

In December, activist firm Land and Buildings advised management to sell the $7 billion senior housing portfolio, alleging that the company’s net asset value was at least $25 per share — nearly double the trading price of $12.72. Chatter has since circulated about potential deals.

On January 10, shares popped on rumors the company was in early talks with Blackstone Group or other possible buyers. A Brookdale spokesperson said the news was “speculation.”

Shares were trading up 2.59 percent at $15.44 on Thursday.

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