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CareTrust REIT, Inc. Announces Recommended Cash Acquisition of Care REIT plc Offer is Best and Final

1. CTRE proposes a cash acquisition of Care REIT at 108 pence per share. 2. The financial offer is stated as full, fair, and final, with no increases planned.

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-0.23%Current Return
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-0.36%S&P 500
$28.81504/17 01:20 PM EDTEvent Start
$28.7504/18 07:30 PM EDTLatest Updated
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FAQ

Why Bullish?

The definitive cash offer suggests strong financial health and strategic growth for CTRE, echoing successful past acquisitions that drove stock value.

How important is it?

The acquisition reflects a significant strategic move that can enhance CTRE's market position, directly impacting investor sentiment and stock performance.

Why Short Term?

The announcement of this acquisition can lead to immediate market reactions affecting CTRE's stock price.

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CAREHROHI
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today its recommended cash offer for the acquisition of Care REIT by CR United Bidco Ltd ("Bidco"), a wholly-owned subsidiary of CareTrust (the "Acquisition") for 108 pence per share to be full, fair, and final. The financial terms of the Acquisition therefore will not be increased, save that CareTrust and Bidco reserve the right to revise the financial terms of the Acquisition if: (i) there is an announcement of.

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