DHC - ABP Acquisition to acquire AlerisLife for ~$43.8M

• AlerisLife ( NASDAQ: ALR ) is set to be acquired by ABP Acquisition in an ~$43.8M cash transaction, representing $1.31 per share.
• The offer price represents an 85% premium to the average trading price of the last 30 trading days, which comes to $0.71 per share.
• ALR's managing directors and board chair, Adam Portnoy, has a majority ownership in ABP. ABP and its affiliates currently own ~6.1% of ALR's outstanding shares.
• Diversified Healthcare Trust ( NASDAQ: DHC ), which holds ~31.9% in ALR, has approved the transaction, and has agreed to tender its shares in a tender offer.
• The transaction is expected to complete in H1.
• Source: Press Release

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