Silicon Investor (SI) -- The First Internet Community

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 : Income Investing -- Ignore unavailable to you. Want to Upgrade?

To: inspbudget who wrote (25766)	5/8/2017 8:49:32 AM
From: E_K_S	Respond to of 52052

Re: CCP off 4.5%, has anyone seen any news? Sabra Healthcare REIT, Care Capital Properties to merge in $7.4B deal Sabra Healthcare REIT (NASDAQ:SBRA) and Care Capital Properties (NYSE:CCP) agree to merge in an all-stock deal, creating a healthcare REit with a portfolio of 564 investments across 43 U.S. states and Canada. The combined company is expected to have a pro forma total market cap of ~$7.4B and an equity market cap of ~$4.3B. Under the deal terms, CCP shareholders will receive 1.123 shares of SBRA common stock for each share of CCP common stock they own. SBRA's current management team of Sabra will lead the combined company, with Rick Matros to serve as Chairman and CEO; the SBRA board will be expanded to eight members, adding CCP CEO Raymond Lewis and two additional directors from CCP. CCP +5.6% premarket. ---------------------------------- No position in either but the Medical/healthcare REITs are a growth sector and we have seen consolidation and secondaries over the last 24 months. I expect more too. EKS