Gentiva Shares Up 11% On Alternative Offer; Rejects Kindred Offer

July 18, 2014 3:41 AM

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Home health and hospice services provider Gentiva Health Services, Inc.'s (GTIV: Quote) board again rejected a sweetened $16 per share offer from healthcare services provider Kindred Healthcare, Inc. (KND: Quote) to acquire 14.9 percent of its outstanding shares to become its largest shareholder. Gentiva's board recommended its shareholders not to tender their shares into Kindred's partial offer.

"Regarding Kindred's amended partial Offer, the Board concluded based on thorough analysis that it still leaves a significant gap between the true value of Gentiva and the consideration being offered and is not in the best interests of Gentiva stockholders," Gentiva Executive Chairman Rod Windley sa...

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