Navigate this market better. Subscribe for FREE stock alerts and information.

Tuesday, July 1, 2014

Kindred urges Gentiva shareholders to vote for buyout offer, (NASDAQ: GTIV), (NYSE: KND)

Kindred Healthcare Inc on Tuesday urged Gentiva Health Services Inc shareholders to vote for its offer to purchase the home healthcare service provider. Gentiva's board on Monday rejected Kindred's offer, saying it significantly undervalued the company.

Gentiva Health Services, Inc. (Gentiva) is engaged in providing home health services and hospice services. Shares of GTIV remained unchanged at $15.06. In the past year, the shares have traded as low as $7.35 and as high as $16.13. On average, 523270 shares of GTIV exchange hands on a given day and today's volume is recorded at 0.

Kindred Healthcare, Inc. is a healthcare services company that through its subsidiaries operates transitional care (TC) hospitals, inpatient rehabilitation hospitals (IRFs), nursing and rehabilitation centers, assisted living facilities, a contract rehabilitation services business and a home health and hospice business across the United States. Shares of KND remained unchanged at $23.10. In the past year, the shares have traded as low as $12.50 and as high as $26.81. On average, 674773 shares of KND exchange hands on a given day and today's volume is recorded at 0.



Source