Brigade Capital hedge fund criticizes Humana-Kindred deal [Reuters (UK)]
KINDRED HEALTH CARE (KND)
Last kindred health care earnings: 2/28 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
investors.kindredhealthcare.com/investor-overview
Company Research
Source: Reuters
Brigade Capital hedge fund criticizes Humana-Kindred deal | Reuters Reuters Staff 2 Min Read NEW YORK (Reuters) - Hedge fund Brigade Capital Management, a top shareholder in Kindred Healthcare Inc, said on Wednesday that the deal by U.S. health insurer Humana Inc and two private equity firms to buy Kindred was “disappointing and grossly inadequate.” Humana, TPG Capital and Welsh, Carson, Anderson & Stowe agreed to buy home healthcare and long-term care operator Kindred on Dec. 19 for about $810 million in cash, or $9 per share. With debt and other costs, they said they were paying about $4 billion for the company. In a filing with the U.S. Securities and Exchange Commission on Wednesday, Brigade said it had sent a letter to Kindred’s board making the case that the price tag was too low and that it planned to vote against the deal. Brigade said it had built a 5.8 percent stake in Kindred. That would make it the fifth largest shareholder in the company, according to Thomson Reuters data
Show less
Read more
Impact Snapshot
Event Time:
KND
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
KND alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
KND alerts
High impacting KINDRED HEALTH CARE news events
Weekly update
A roundup of the hottest topics