SunLink Joins Forces With Regional Health Properties In All-Stock Deal: Shares Surge
SunLink Joins Forces With Regional Health Properties In All-Stock Deal: Shares Surge
Post-merger, SunLink shareholders will own about 43% of the combined company. The Series D Preferred Stock has a $10 liquidation preference and an 8% annual dividend, starting July 1, 2027. Each three shares of Series D Preferred Stock are convertible into one share of Regional common stock.Regional Health Properties, Inc. (AMEX:RHE) and SunLink Health Systems, Inc. (AMEX:SSY) shares traded higher after the companies disclosed a merger agreement.
區域健康資產公司（美交所：RHE）和SunLink健康系統公司（美交所：SSY）的股票在公司披露合併協議後交易上揚。
As part of the deal, Regional Health Properties will issue 1.41 million shares of common stock and 1.41 million shares of newly authorized Series D 8% Cumulative Convertible Redeemable Preferred Stock.
作爲交易的一部分，區域健康資產將發行141萬股普通股和141萬股新授權的D系列8%累計可轉換可贖回優先股。
Notably, for every five shares of SunLink common stock, Regional will issue one share of common stock and, subject to adjustments, one share of Series D Preferred Stock.
值得注意的是，對於每五股SunLink普通股，區域將發行一股普通股，並在調整後發行一股D系列優先股。
Post-merger, SunLink shareholders will own about 43% of the combined company. The Series D Preferred Stock has a $10 liquidation preference and an 8% annual dividend, starting July 1, 2027. Each three shares of Series D Preferred Stock are convertible into one share of Regional common stock.
合併後，SunLink股東將擁有合併公司約43%的股份。 D系列優先股具有10美元的清算優先權和8%的年股息，從2027年7月1日開始。每三股D系列優先股可轉換爲一股區域普通股。
Upon shareholder approval, SunLink may pay a special dividend, subject to cash availability. No fractional shares will be issued.
在股東批准後，SunLink可以支付特別股息，具體視現金可用情況而定。不會發行碎股。
Regional anticipates pre-tax cost synergies of $1 million by the end of its fiscal 2026. The transaction, unanimously approved by both companies' boards, is expected to close in spring 2025, pending customary conditions.
區域預計在其2026財年結束前實現100萬美元的稅前成本協同效應。交易已獲得兩家公司董事會的一致通過，預計將在2025年春季完成，待滿足慣常條件。
As of December 31, 2024, SunLink reported $17.6 million in total assets with no long-term debt.
截至2024年12月31日，SunLink報告總資產1760萬美元，無長期債務。
Price Action: RHE shares are up 190.3% at $4.499 and, SSY shares rose 19.2% at $1.085 at the last check Monday.
價格動態：RHE的股票上漲190.3%，報4.499美元，而SSY的股票上漲19.2%，報1.085美元，最後檢查是在週一。
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Photo via Shutterstock.
圖片來自Shutterstock。
譯文內容由第三人軟體翻譯。
