Gentiva feels no Kindred spirit as rejects $533M offer

Gentiva Health Services (GTIV) has turned down a $533M takeover bid from Kindred Healthcare (KND), which offered $14 per share in a proposal that would be equally split in cash and stock.

The offer, which is valued at $1.6B including debt, represents a 64% premium to Gentiva's closing price yesterday of $8.54.

Shares +55% premarket. (PR)

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