Omega Healthcare Investors Inc will purchase Aviv REIT Inc for about $2 billion, to take advantage of rising demand for senior-care facilities from an aging U.S. population.Aviv shareholders will receive 0.90 Omega share for each held, the companies said. This values Aviv at $34.97 per share based on Omega closing price on Thursday.The real estate investment trust's (REIT) offer represents a premium of 16 percent to Aviv's closing price on Thursday.Aviv shares were up at $34.50 before the bell, just shy of the offer price.
Aviv REIT, Inc. is a self-administered real estate investment trust (REIT) , specializing in the ownership and triple-net leasing of post-acute and long-term cares skilled nursing facilities (SNF). Shares of AVIV remained unchanged at $30.10. In the past year, the shares have traded as low as $22.74 and as high as $30.10. On average, 285602 shares of AVIV exchange hands on a given day and today's volume is recorded at 0.
Omega Healthcare Investors, Inc. (Omega) is a self-administered real estate investment trust (REIT), investing in income-producing healthcare facilities, such as long-term care facilities located throughout the United States. Shares of OHI remained unchanged at $38.85. In the past year, the shares have traded as low as $29.32 and as high as $39.53. On average, 1223300 shares of OHI exchange hands on a given day and today's volume is recorded at 0.
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