Feb 2 A National Health Investors Inc. (NHI.N)
panel informed Chief Executive Andrew Adams that his offer to
buyout the company was not in the best interest of its
shareholders, the real estate investment trust said.
The special committee determined that the terms, which
consists of $18 a share of purchase price and $15 a share of
dividend, has material contingencies, the company said in a
The committee unanimously believes continuing to operate
National Health as a public company will create greater value
for public shareholders than the proposal, the statement said.
(Reporting by Rakesh Dubey in Bangalore)