be prepared to pay a lot of tax negotiations going well Madison Dearborn LLC appears to be the leading contender for nursing home operator Extendicare Inc. in a $2-billion-plus auction. There is enormous interest in the sale.
Potential buyers include... Toronto-based Onex Corp. U.S. private equity funds such as Blackstone Group. Fillmore Capital Partners LLC Formation Capital LLC Australia's Macquarie Bank Ltd.
Nat Bks, M Smith has target price - $28 and $30 a share on any Extendicare buyout, but said "that might be conservative."
Health Care Property Investors Inc., a US health-care REIT, recently acquire CNL Retirement Properties for $5.2-billion. CNL owned 262 properties in 33 states. Extendicare operates 439 nursing and assisted-living facilities in North America. Nova Scotia's Jodrey family control 47.7 per cent of the votes.