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dDT

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dDT

Re: dDT post# 550222

Friday, 10/31/2014 8:14:44 AM

Friday, October 31, 2014 8:14:44 AM

Post# of 648882
AVIV
Aviv REIT surges on sale to Omega Healthcare

Aviv REIT (NYSE:AVIV) is higher by 14.6% premarket to $34.50 per share after agreeing to be sold to Omega Healthcare Investors (NYSE:OHI) in an all-stock deal for $3B, or $34.97 per share based on last night's closing prices.
Under the terms, Aviv owners will receive 0.90 Omega shares for each share of Aviv they hold.
The deal is expected to be accretive to Omega's adjusted FFO and FAD. Early 2015 adjusted FAD guidance of $2.81-$2.87 compares to 2014's $2.58-$2.61.
Current Omega CEO Taylor Pickett will continue in that role when the companies are combined. Aviv Chairman and CEO Craig Bernfield will become a member of Omega's expanded board.

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