UPDATE 1-Gentiva gets $634 mln bid, rejects Kindred's stake offer

July 17, 2014 10:08 PM

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July 17 (Reuters) - Gentiva Health Services Inc rejected Kindred Healthcare Inc's offer to buy a stake in the home healthcare services provider in favor of a $634.2 million buyout offer from an unnamed party.

Gentiva said it got a $17.25 per share buyout offer from "a recognized owner, operator and investor in the sector" on Thursday.

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