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Emeritus Copr

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January 31, 1998 | (Bloomberg News)
Emeritus Corp. said Friday that it has dropped its $313-million takeover bid for ARV Assisted Living Inc. in Costa Mesa after a California court rejected the Seattle company's bid to overturn a series of transactions that gave ARV allies a large stake in the company. Emeritus, which said in October that it wanted to buy ARV, was offering $17.50 a share and assumption of debt for the assisted living services company.
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BUSINESS
January 31, 1998 | (Bloomberg News)
Emeritus Corp. said Friday that it has dropped its $313-million takeover bid for ARV Assisted Living Inc. in Costa Mesa after a California court rejected the Seattle company's bid to overturn a series of transactions that gave ARV allies a large stake in the company. Emeritus, which said in October that it wanted to buy ARV, was offering $17.50 a share and assumption of debt for the assisted living services company.
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