Brookdale To Buy American Retirement
Brookdale Senior Living Inc. (BKD) will pay $1.2 billion in cash to acquire rival American Retirement Corp. (ACR) to become the largest senior living facilities operator in the nation. Shares of American Retirement leaped $7.28 to close at $32.18 while Brookdale stock surged $5.23 to close at $42.23.
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