(The Business Insider) Hedge fund Brigade Capital Management, a top shareholder in Kindred Healthcare Inc, said on Wednesday that the deal by U.S. health insurer Humana Inc and two private equity firms to buy Kindred was “disappointing and grossly inadequate.”
Humana, TPG Capital and Welsh, Carson, Anderson & Stowe agreed to buy home healthcare and long-term care operator Kindred on Dec. 19 for about $810 million in cash, or $9 per share. With debt and other costs, they said they were paying about $4 billion for the company.
