AVC (Advocat) = Great Company Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : AVC (Advocat) = Great Company

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: professor who wrote (7)	9/2/1998 1:11:00 PM
From: professor	Read Replies (1) of 9

Major news announced today that Advocat got a hostile offer to buy out the company. The details indicate the buyer are Omega Healthcare (OHI) principals and they've been courting the company since February. The SEC filings indicate that one of the many proposals included a recapitalization offer for 90% of the stock for $11 cash. Another propsal is $1 special dividend plus a share of a newly infused company. the stock is trading at $7 and unnoticed by analysts or Wall Street. Clearly, an industry buyer is circling around the company, recognizing the valuable franchise of Advocat. This is a hostile offer and likely to be rejected as inadequate. This could produce a bidding war for this company with other interested parties being contacted. Advocat has a unique business in an industry that is clearly consolidating, which should command a high takeout price.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next