BEI Announces Early Termination of Waiting Period
07 Febrero 2006 - 7:58AM
Business Wire
Beverly Enterprises, Inc.("BEI") (NYSE: BEV) announced that it has
received notice from the Federal Trade Commission informing BEI
that early termination of the Hart-Scott-Rodino waiting period has
been granted in connection with the proposed merger of BEI with
Pearl Senior Care, an affiliate of Fillmore Capital Partners. BEI
and its operating subsidiaries are leading providers of healthcare
services to the elderly in the United States. BEI, through its
subsidiaries, operates 342 skilled nursing facilities, as well as
18 assisted living centers, and 67 hospice/home care centers.
Through Aegis Therapies, Inc., BEI offers rehabilitative services
on a contract basis to nursing facilities operated by other care
providers. IMPORTANT INFORMATION On January 13, 2006, BEI filed a
definitive proxy statement relating to BEI's solicitation of
proxies with respect to its special meeting of stockholders to be
held on February 14, 2006. BEI URGES INVESTORS AND SECURITY HOLDERS
TO READ THE PROXY STATEMENT BECAUSE IT CONTAINS IMPORTANT
INFORMATION. BEI and its officers and directors may be deemed to be
participants in the solicitation of proxies with respect to any
proposed transaction. Information regarding such individuals is
included in the Company's proxy statements and Annual Reports on
Form 10-K previously filed with the Securities and Exchange
Commission, including the definitive proxy statement relating to
the proposed transaction. You may obtain BEI's proxy statement, any
amendments or supplements to the proxy statement and other relevant
documents free of charge at www.sec.gov. You may also obtain a free
copy of BEI's definitive proxy statement, any amendments and
supplements to the definitive proxy statement and other relevant
documents by writing to BEI at 1000 Beverly Way, Fort Smith,
Arkansas 72919, Attn: Investor Relations or at www.beverlycorp.com
under the tab "Investor Information" and then under the heading
"SEC Filings." FORWARD LOOKING STATEMENTS The statements in this
document relating to matters that are not historical facts are
forward-looking statements based on management's beliefs and
assumptions using currently available information and expectations
as of the date hereof. Forward-looking statements are not
guarantees of future performance and involve certain risks and
uncertainties, including the risks and uncertainties detailed from
time to time in BEI's filings with the Securities and Exchange
Commission. In particular, statements regarding the consummation of
the merger with Pearl Senior Care are subject to risks that the
conditions to the transaction will not be satisfied, including the
risk that regulatory approvals will not be obtained. In addition,
BEI's results of operations, financial condition and cash flows may
be adversely impacted by the auction process and the pendency of
the proposed transaction with Pearl Senior Care, which may impact
our ability to attract and retain customers, management and
employees. BEI has incurred and will continue to incur significant
advisory fees and other expenses relating to the auction process
and the proposed transaction. Although BEI believes that the
expectations reflected in such forward-looking statements are
reasonable, it cannot give any assurances that these expectations
will prove to be correct. BEI assumes no duty to publicly update or
revise such statements, whether as a result of new information,
future events or otherwise.
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