Aviv REIT, Inc. ("Aviv") AVIV
announced today that it has set the date of its special meeting of
stockholders to consider and vote on, among other things, a proposal to
approve its previously announced merger with Omega Healthcare Investors,
Inc. ("Omega") OHI.
The special meeting will be held on Friday, March 27, 2015, at 10:00 a.m.
Eastern time. Aviv stockholders of record as of the close of business on
February 12, 2015 will be entitled to receive notice of and to participate
at the special meeting.
Additional information about the special meeting is included in the
preliminary joint proxy statement/prospectus filed by Omega with the
Securities and Exchange Commission (the "SEC") on January 5, 2015, and the
definitive joint proxy statement/prospectus which is expected to be mailed
to stockholders of record after the related registration statement is
declared effective by the SEC.
As previously announced on October 31, 2014, Omega and Aviv have entered
into a definitive agreement under which Omega will acquire all of the
outstanding shares of Aviv in a stock-for-stock merger. Under the terms of
the agreement, Aviv stockholders will receive a fixed exchange ratio of 0.90
Omega shares for each share of Aviv common stock they own.
Completion of the transaction is subject to satisfaction of customary
closing conditions, including the approval of stockholders of both
companies. The transaction is currently expected to close in the first half
of 2015.
Aviv REIT, Inc., based in Chicago, is a real estate investment trust that
specializes in owning post-acute and long-term care skilled nursing
facilities and other healthcare properties. Aviv is one of the largest
owners of SNFs in the United States and has been in the business for over 30
years. The Company currently owns 347 properties that are triple-net leased
to 37 operators in 30 states.
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in