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

1. CareTrust REIT to acquire Care REIT plc for 108 pence per share. 2. The acquisition by CareTrust enhances its market position and portfolio.

M&A
+0.83%Current Return
VS
+0.12%S&P 500
$25.8103/11 03:18 AM EDTEvent Start
$26.02503/12 09:46 AM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition is likely to diversify CareTrust's assets and generate growth. Previous acquisitions in real estate sectors have often led to increased stock prices for REITs.

How important is it?

The acquisition could indicate strategic growth for CTRE, impacting investor sentiment positively. Successful M&A can lead to sustained performance improvement.

Why Long Term?

While the immediate price perception may increase, the full benefits of the acquisition will unfold over time as integration and performance improvements take effect.

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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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