M&A
confidence high
sentiment neutral
materiality 0.80
Select Medical receives take-private proposal from Executive Chairman at $16-$16.20/share
SELECT MEDICAL HOLDINGS CORP
- Non-binding proposal to acquire all outstanding shares for $16.00-$16.20 cash per share.
- Proposal submitted by Robert A. Ortenzio, Executive Chairman, Co-Founder, and Director, via Schedule 13D.
- Disinterested board members are reviewing the proposal with advisors.
- No assurance of outcome; company will not comment further unless required.