'Scheduling Conflict' To Keep Brookdale Senior Living From RBC Conference

A Brookdale Senior Living, Inc. BKD representative told Benzinga the company will not attend the RBC conference February 22 due to a scheduling conflict.

The cancellation is noteworthy to shareholders, who have long entertained questions about Brookdale sale rumors.

In December, activist firm Land and Buildings advised management to sell the $7 billion senior housing portfolio, alleging that the company’s net asset value was at least $25 per share — nearly double the trading price of $12.72. Chatter has since circulated about potential deals.

On January 10, shares popped on rumors the company was in early talks with Blackstone Group or other possible buyers. A Brookdale spokesperson said the news was “speculation.”

Shares were trading up 2.59 percent at $15.44 on Thursday.