Health Care REIT Inks $2B Deal For Sunrise Senior Living

Law360, New York (August 22, 2012, 1:22 PM EDT) -- Toledo, Ohio-based Health Care REIT Inc. will acquire Sunrise Senior Living Inc. and its interests in 125 senior housing facilities, it said Wednesday, announcing a $1.9 billion deal to become one of the country's biggest owners of retirement communities.

The real estate investment trust will pay $14.50 per share, a price not seen by Sunrise shareholders since 2008, when shares peaked before ballooning debt and falling profits spiked bankruptcy fears. The offer represents a 62 percent premium to the stock's closing price Tuesday.

Health Care REIT...
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