Brookdale Senior Living (BKD) Misses Q4 CFFO by 3c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/29/2026
Go back to Brookdale Senior Living (BKD) Misses Q4 CFFO by 3c
February 6, 2015 11:30 AM EST
Brookdale Senior Living (NYSE: BKD) issued the following statement in response to the press release and white paper issued by Sandell Asset Management ("Sandell"):
Brookdale's Board of Directors and management team are committed to acting in the best interests of the Company and its shareholders.... More
February 6, 2015 9:01 AM EST
Sandell Asset Management Corp. (Sandell), a shareholder of Brookdale Senior Living Inc. (NYSE: BKD), has publicly released a letter and White Paper (Unlocking Shareholder Value at Brookdale Senior Living Inc.) to the Board of Directors (the Board) of the Company to request: 1) the separation of BKDs owned real estate portfolio into a Real Estate Investment Trust (REIT), and the distribution of this entity via a tax-free spin-off to shareholders (PropCo) and 2) in the face of recent management integration missteps, a revamp of the Board in order to enhance overall corporate governance, increase management accountability to shareholders and... More
