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Stockholders to Receive $1.31 Per Share in Cash, an 85% Premium to the 30-Day Average Trading Price Prior to the Tender Announcement AlerisLife Inc. (NASDAQ:ALR) today announced that ABP Acquisition LLC, or ABP, has successfully completed the previously announced tender offer to acquire all outstanding shares of the common stock of ALR for $1.31 per share in cash. $1.31 per share represents an 85% premium to the 30-day average trading price prior to the tender announcement. The tender offer expired at one minute after 11:59 p.m., Eastern Time, on March 17, 2023. As of the expiration, 22,375,687 shares had been validly tendered and not validly withdrawn from the tender offer, representing
SHOP Segment Occupancy Improves 380 Basis Points Year Over Year to 76.3% SHOP Segment Revenues Increase 14.2% Year Over Year Net Loss Attributable to Common Shareholders of $0.27 Per Share Normalized FFO Attributable to Common Shareholders of $0.03 Per Share Diversified Healthcare Trust (NASDAQ:DHC) today announced its financial results for the quarter ended December 31, 2022. Jennifer Francis, President and Chief Executive Officer of DHC, made the following statement: "Fourth quarter results reflected strong year over year improvement in our SHOP segment. Occupancy increased 380 basis points and average monthly rates increased nearly 9% from the prior year, resulting in a 14.2% incre
Purchase Price Provides Shareholders with an 85% Premium to Average Share Price of Last 30 Trading Days AlerisLife Inc. (NASDAQ:ALR) today announced that it has entered into a definitive agreement with ABP Acquisition LLC, or ABP, under which ABP will acquire all of the outstanding shares of ALR common stock for $1.31 per share in cash, which represents an 85% premium to the average trading price of the last 30 trading days of $0.71 per share. The total consideration to be paid to stockholders in the transaction is approximately $43.8 million and is not subject to any financing condition. ABP is majority owned and controlled by Adam Portnoy, one of ALR's managing directors and the chair o
15-12G - AlerisLife Inc. (0001159281) (Filer)
EFFECT - AlerisLife Inc. (0001159281) (Filer)
EFFECT - AlerisLife Inc. (0001159281) (Filer)
4 - AlerisLife Inc. (0001159281) (Issuer)
4 - AlerisLife Inc. (0001159281) (Issuer)
4 - AlerisLife Inc. (0001159281) (Issuer)