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BRIEF-Amica Mature Lifestyles to be acquired by Baybridge Seniors Housing

Published 2015-09-02, 10:38 a/m
© Reuters.  BRIEF-Amica Mature Lifestyles to be acquired by Baybridge Seniors Housing

Sept 2 (Reuters) - Amica Mature Lifestyles Inc ACC.TO :
* Agrees to be acquired by Baybridge Seniors Housing Inc
* Says shareholders of AMICA will receive $18.75 in cash for each AMICA share
* Says Baybridge is a wholly owned subsidiary of the Ontario Teachers' Pension
Plan board
* Deal includes non-solicitation covenant on part of AMICA, provides for
payment of termination fee of $25 million to Baybridge
* Says the transaction is not subject to a financing condition
* Says under the arrangement agreement, AMICA will pay its previously announced
quarterly cash dividend of $0.105
* Dividend is scheduled to be paid on September 17 to shareholders of record on
September 10; thereafter, dividends shall be suspended

* Source text for Eikon ID:nMKWBb9R7a

* Further company coverage ACC.TO

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