Luxury senior homes operator Amica to be taken private for C$578 mln

Wed Sep 2, 2015 10:54am EDT
 
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Sept 2 (Reuters) - Amica Mature Lifestyles Inc, an operator of luxury senior homes, said it would be taken private by rival BayBridge Seniors Housing Inc for C$578 million.

The C$18.75 per share cash offer is a premium of 113 percent to Amica's Tuesday close. (Reporting by Shubhankar Chakravorty in Bengaluru; Editing by Kirti Pandey)