CareTrust REIT (CTRE) said its cash offer to acquire Care REIT for 108 British pence ($1.43) a share is final.
"In recent weeks global markets have increased in volatility and uncertainty," CareTrust Chief Executive Officer Dave Sedgwick said Thursday in a statement. "This recommended cash offer, in contrast, provides absolute certainty for a significant premium for Care REIT shareholders."
CareTrust announced the $817 million agreement to acquire UK-based Care REIT on March 11.
CareTrust also said its pipeline of investment opportunities in skilled nursing and seniors housing properties was replenished to $500 million.
Price: 28.79, Change: +0.17, Percent Change: +0.59
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