Assisted Living Concepts (ALC) agrees to sell itself to P-E operator TPG for $12/share in cash....

|About: Assisted Living Concepts... (ALC)|By:, SA News Editor

Assisted Living Concepts (ALC) agrees to sell itself to P-E operator TPG for $12/share in cash. Shares +23% to $11.92 premarket. Score another one for SA Pro author Thomas Lott who noted the value of this real estate play 2 months ago and pointed out the board was exploring strategic alternatives.