Skilled Nursing News November 19, 2021
A merger agreement between DAC Acquisition LLC and Diversicare Healthcare Services (OTCQX: DVCR) is complete, according to an announcement made Friday.
Diversicare’s stockholders will receive an amount of cash equal to $10.10 per share of Diversicare common stock, as was previously reported by Skilled Nursing News when the proposed deal was announced back in August. The price represents a value of approximately 256% from Diversicare’s closing share price on Aug. 19.
Diversicare’s stockholders gave a green light to the deal during a special meeting held on Nov. 18. Over 99% of the Diversicare common stock represented in person or by proxy at the meeting, and more than 89% of the total number of Diversicare common stock outstanding, were in favor...
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