Actually with their current Mkt cap of 1 Billion for 15,600 Unis BEFORE this buy, they Were in for Only app $60,000 per unit, ..
Now they pay 200K per Unit?
One assumes it's "accretive" but it aint cheap Organic growth.
They're buying these units from the very sharp Private Equity guys/Hedgies who run Holiday.
So it's not exactly bargain country.,
Also, Private Senior housing is less secure than govt paid for Care.
So there are economic risks in a downturn.
WMB already owns 60% of WPZ.
#$%$, why not take the other 40%?
Will they spin off the 60% and compete against it?
Also ETE's bid is all stock, NO Cash and went down 5% today.
yes, because there should have been a Back-out provision if WMB balked.
Looks like there was none.
Google for link. Cant post it.
Google the headline, cant post link
Thats right, head bookeeper adding NO tech., etc
Of course, they're Reiterating their Feb 27 Call when it was 16.70.
Dn almost 20%