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What: Shares of senior-housing operator Nationwide Health Properties
So what: The all-stock deal values Nationwide at about $5.8 billion and represents a 15% premium to Friday's closing price. The combined company will become the market's largest health-care real estate investment trust, operating about 1,300 assets across the U.S. and parts of Canada.
Now what: The offer seems like a reasonable one for Nationwide. In addition to the decent premium, the proposal gives Nationwide shareholders a chance to benefit from, as CEO Douglas Pasquale put it, "expanded strength, diversification and capabilities." For those who would rather cash out, rivals like HCP
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