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Health Care REIT, Inc. (NYSE:HCN) acquires Sunrise Senior Living, Inc. (NYSE:SRZ) at $14.50 per share, representing a 62 percent bonus over Tuesday’s close. The deal should be completed in the first half of next year.
Shares of Polycom, Inc. (NASDAQ:PLCM) fall off, on word that private equity company Sun Capital Partners wants to back out of a deal to purchase the former’s enterprise cordless phone division for $110 million. In response, Polycom promises to bring a lawsuit to enforce the terms of the arrangement.
Don’t Miss: Here’s What Apple is Doing for China Telecom.
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