UPDATE 2-Gentiva gets $634 mln bid, rejects Kindred's stake offer

July 17, 2014 11:05 PM

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* Offer from "a recognized owner, operator and investor in the sector"

* Gentiva shares up 12 pct after hours, Kindred flat (Adds analysts quotes, background on sector)

Also read: Calvin Klein Sells Miami Beach Home for $13.15 Million

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