Five Star Senior Living - McKnight's Senior Living

Five Star Senior Living

2 Five Star shareholders urge peers to reject tender offer

Two Five Star Quality Care shareholders on Monday urged their fellow shareholders to reject a $3-per-share tender offer set to expire at midnight Friday, saying it is “grossly undervalued, fraught with deep conflicts of interest, and fails to provide full and fair value to Five Star shareholders.”

Five Star CEO Bruce Mackey

Ancillaries, initiatives help offset occupancy challenges at Five Star

Ancillary services and initiatives that generate income and resident satisfaction, as well as capital improvements and expansions at communities, are helping to offset decreases in occupancy and revenues at Five Star Senior Living in the face of senior living community oversupply, executives said Thursday in a third-quarter earnings call.

Senior Star counters ABP’s offer to Five Star shareholders

Senior Star Management Co. said Thursday that it plans to offer owners of Five Star Quality Care common stock $3.45 per share in an effort to purchase up to 10 million shares, which would represent approximately 20% of outstanding shares. The move comes a week after ABP Acquisition LLC made a $3-per-share offer to shareholders.

ABP looks to buy 20% of Five Star common stock

ABP Acquisition LLC announced Monday that it intends to make a cash tender offer for up to 10 million shares of common stock of Newton, MA-based Five Star Quality Care at a $3 per share, a 57% premium over Friday’s closing price of $1.91 per share.

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