July 17 Gentiva Health Services Inc
rejected Kindred Healthcare Inc's offer to buy a stake
in the home healthcare services provider in favor of a buyout
offer from an unnamed party.
Gentiva said it got a $17.25 per share buyout offer from "a
recognized owner, operator and investor in the sector" on
Earlier this week, Kindred had raised its hostile bid to $16
per share for a 14.9 percent stake in Gentiva, stepping up its
pursuit of the home healthcare services provided by Gentiva to
an aging U.S. population.
(Reporting By Amrutha Penumudi in Bangalore; Editing by Savio