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CareTrust REIT, Inc. Announces $817 Million Recommended Cash Acquisition of Care REIT plc

1. CareTrust REIT announces acquisition of Care REIT plc with cash offer. 2. The acquisition terms include 108 pence per share from CareTrust.

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FAQ

Why Bullish?

Acquisitions often positively influence stock prices. Historical examples show stock price increases following successful acquisitions in REITs.

How important is it?

The acquisition could lead to enhanced market position and growth potential for CTRE.

Why Short Term?

The immediate effects from the acquisition announcement are likely to influence CTRE’s stock in the near term.

Related Companies

CRT
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE: CTRE) (“CareTrust”) announced today that it has reached an agreement with the board of directors of Care REIT plc (LON: CRT) (“Care REIT”) on the terms of a recommended cash offer to be made for the acquisition of Care REIT1 by CR United Bidco Ltd ("Bidco"), a wholly-owned subsidiary of CareTrust (the "Acquisition"). CareTrust has agreed to pay 108 pence in cash per ordinary share of Care REIT. Based on the Sterling to Dollar ex.

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