secwatch.observer — SEC 8-K summary
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Issuer:     Enhabit, Inc. (EHAB)
CIK:        0001803737
Form:       8-K
Filed at:   2026-02-23T23:59:59+00:00
Accession:  0001193125-26-064210
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enhabit to be acquired by Kinderhook Industries for $13.80/share, ~$1.1B EV
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- Cash consideration of $13.80 per share, a 24.4% premium to Feb 20 close and 33.8% to 60-day VWAP.
- Total enterprise value ~$1.1B; transaction expected to close H2 2026, pending stockholder and regulatory approvals.
- Company termination fee ~$24.5M; Parent termination fee ~$44.6M under specified conditions.
- Equity commitment of $688M from Kinderhook funds; debt financing committed but Merger not conditioned on financing.
- Board unanimously approved; stockholders with >2% voting power entered support agreements to vote in favor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803737/000119312526064210/0001193125-26-064210-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803737/000119312526064210/d29040d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-064210

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