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FORT SMITH, Ark. (AP) - Shareholders of Beverly Enterprises Inc. on Tuesday voted to accept an offer of $1.8 billion by a private investor group to buy the nursing home company.
The shareholders approved a measure that will merge Fort Smith-based Beverly with Pearl Senior Care Inc., which is an affiliate of Fillmore Capital Partners LLC, in a transaction to be completed by March 15.
Beverly stockholders are to receive $12.50 per share.
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