Law & Health Weekly
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Brookdale Senior Living Inc.
Brookdale Board of Directors Authorizes $150 Million Share Repurchase Program
April 5th, 2008
Brookdale Senior Living Inc. (NYSE:BKD) announced that its Board of Directors has approved a share repurchase program that authorizes the Company to purchase up to $150 million in the aggregate of the Company's common stock. Bill Sheriff, Brookdale's Chief Executive Officer, said, "As we discussed on our recent earnings call, we believe that our current share price reflects a substantial discount to our net asset value given the quality, location and performance of our assets and the long term growth prospects of our business. This repurchase authorization underscores our confidence in our business and our continued commitment to maximizing value for our long-term...
Source: Law & Health Weekly (2008-04-05)
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