Beverly Enterprises’ buyout talks were ended.
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The Pasadena-based nursing home chain said discussions with its senior management and a group of investors regarding a possible leveraged buyout had been terminated. Beverly Enterprises said senior management has advised the company that it is continuing to study the feasibility of a leveraged buyout. The firm added that “there is no assurance that any proposals will be made, or that, if made, they would be acceptable to the company.”
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