Health Care REIT (HCN) Closes Acquisition of Sunrise Senior Living (SRZ)
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Sunrise Senior Living, Inc. (NYSE: SRZ) announced today the closing of its previously announced acquisition by Health Care REIT, Inc. (NYSE: HCN). Sunrise also announced today the closing of the previously announced sale of its management business to an entity formed by affiliates of Kohlberg Kravis Roberts & Co. L.P., affiliates of Beecken Petty O'Keefe & Company and Health Care REIT. As of the close of market on January 8, 2013, Sunrise common stock has ceased to trade on the New York Stock Exchange.
As a result of these transactions, Sunrise stockholders will receive a total of $14.50 in cash per share (comprised of $12.40 in cash per share as merger consideration and $2.10 in cash per share as a special dividend).
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As a result of these transactions, Sunrise stockholders will receive a total of $14.50 in cash per share (comprised of $12.40 in cash per share as merger consideration and $2.10 in cash per share as a special dividend).
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