Deals
Kindred Raises Hostile Takeover Bid for Gentiva
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Kindred Healthcare Inc. has increased its hostile offer for Gentiva Health Services Inc. to $16 a share as it seeks to force a deal with the home health-care and hospice company.
Kindred, based in Louisville, Kentucky, is seeking 14.9 percent of Atlanta-based Gentiva’s shares, the most it can buy before triggering a “poison pill” takeover defense. The new proposal, worth $88 million, follows a June offer of $14.50 a share that was worth $573 million.