Ropes & Gray represented AlerisLife Inc. (Nasdaq: ALR) in its agreement to be acquired by ABP Acquisition LLC. ABP will acquire all of the outstanding shares of ALR common stock for $1.31 per share in cash, which represents an 85% premium to the average trading price of the last 30 trading days. The transaction was announced in a press release.
AlerisLife enriches and inspires the lives of its older adult customers across the United States by delivering an exceptional and enhanced resident experience to senior living and active adult residents, while also offering lifestyle services to the younger “choice-based” consumer.
The team representing Aleris Life included mergers & acquisitions partners Zach Blume and Suni Sreepada, mergers & acquisitions counsel Aileen Kim, litigation & enforcement partners Matt McGinnis and Tim Farrell, employment & benefits partner Renata Ferrari, tax partner Benjamin Rogers, health care counsel Elizabeth Whitkin and associates Stacey Ward, Lois Li, Luke Riley and Chris Nienhaus.
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