Gentiva Health (GTIV) Debuts at Number 3 on StreetInsider.com's Top 50 Takeover Targets List; DirectTV (DTV) Moves Up to Number 5

Gentiva Health Services, Inc. (NASDAQ: GTIV) has debut at number 3 on StreetInsider.com's Top 50 Takeover Targets, pushing T-Mobile US (NASDAQ: TMUS) down to number 4.

Today, Kindred Healthcare, Inc. (NYSE: KND) publicly disclosed an increased $14 per share takeover for Gentiva Health, made up of half stock and half cash. The offer comes at a 64% premium over the closing price of Gentiva common stock on May 14, 2014. Kindred said it is prepared to increase the cash portion up to 100% at Gentiva shareholders’ election. Gentiva Health has initially rebuffed the overture, however, it is clear Kindred Healthcare wants to see the deal happen and may again raise its offer.

While Gentiva is currently being stubborn, shareholders of the company will certainly want the company to take serious the offer and opportunity to sell - either with Kindred or another suitor. In fact, Kindred has already stated that 20% of Gentiva shareholders, who are also shareholders of Kindred will favor the stock of the combined company if given an opportunity. Gentiva has not yet publicly addressed the offer, however a formal response will likely be forthcoming.

StreetInsider.com has also raised DirectTV (NYSE: DTV) from number 11 to number 5 on the takeover list as a potential takeover by AT&T (NYSE: T) becomes more real each day.

The full Top 50 Takeover Target List can viewed at StreetInsider.com's M&A Insider, along with other notable M&A news and data (visitors can see the Top 10, while premium members have access to the full Top 50 list plus other targets).

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