Senior citizens residence management company Brookdale Senior Living Inc said it would acquire Emeritus Corp for about $1.4 billion in an all-stock deal. Brookdale Senior Living will also assume $1.4 billion of Emeritus Corp's debt.
Brookdale Senior Living Inc. (Brookdale) is an owner and operator of senior living communities throughout the United States. Shares of BKD traded higher by 0.6% or $0.18/share to $30.09. In the past year, the shares have traded as low as $24.42 and as high as $30.65. On average, 921225 shares of BKD exchange hands on a given day and today's volume is recorded at 775807.
Emeritus Corporation (Emeritus) is engaged in operations of senior living communities in the United States. Shares of ESC fell by 0.19% or $-0.04/share to $21.46. In the past year, the shares have traded as low as $18.15 and as high as $30.95. On average, 302915 shares of ESC exchange hands on a given day and today's volume is recorded at 409150.
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