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[FLA]

BKD 15.88 NEWS



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Activist Likes Brookdale Deal Reports But Wants the Real Thing -- Market Talk
DOW JONES & COMPANY, INC. 11:12 AM ET 1/13/2017
11:12 ET - Activist Land and Buildings is keeping the pressure on Brookdale (BKD). The activist sends a letter saying it was encouraged by a WSJ story this week that BKD was in early stage talks on potential deals, including with Blackstone, over possibilities that included selling all its real estate or the whole company. The activist, which had urged a sale of the real estate last month, says the company's NAV is at least $25/sh and the real estate is at least $ 21/sh. It urges the board to find a deal and not "take solace in the improved share price" since WSJ's report. BKD up 0.4% to $15.96 and up 26% this week. ([e-mail]; @DaveCBenoit)


(END) Dow Jones Newswires
01-13-171112ET
Copyright (c) 2017 Dow Jones & Company, Inc.



















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