HealthSouth commences tender offer to purchase up to $350M of common stock

HealthSouth announced it is commencing a "modified Dutch auction" tender offer in which the company will offer to purchase up to $350M of its common stock at a price per share not less than $22.50 and not greater than $25.50. Yesterday's closing price of HLS common stock was $24.09 per share. The tender offer will expire at the end of March 19, unless extended by the company.

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