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Strategies & Market Trends : Dividend investing for retirement

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To: E_K_S who wrote (19602)6/2/2014 8:38:31 AM
From: Steve Felix  Read Replies (1) of 34328
 
HCT - nice start to the week:
VTR

Ventas buying ARC Healthcare Trust in $2.6B deal
  • The boards of both companies have unanimously approved Ventas' ( VTR) agreement to purchase ARC Healthcare ( HCT) in a cash and stock deal valuing HCT at $11.33 each.
  • ARC Healthcare shares will be converted into a 0.1688 shares of Ventas common at the negotiated price of $67.13 each. HCT owners also have the option of accepting $11.33 in cash for their stock.
  • In a separate deal, Ventas is buying 29 independent living seniors housing communities in Canada from Holiday Retirement for C$980M.
  • The deals are expected to be immediately accretive to 2015 normalized FFO per share by at least a dime.
  • Press release
  • HCT +11.7% to $11.11 per share
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