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Northstar Healthcare Issues Initial Response to Unsolicited Takeover Bid

^{Published on 2010-06-10 14:05:10 - Market Wire}
 

 - The Offer is highly conditional for the benefit of Dr. Kramer. Some of the conditions are not subject to materiality thresholds or other objective criteria but rather provide Dr. Kramer with a broad range of grounds upon which he may decline to proceed with the Offer even if a sufficient number of shares are tendered to the Offer to satisfy the Offer's minimum acceptance condition. - Strategic alternatives are being pursued by Northstar with the intention to generate value for shareholders that is superior to the Offer. Tendering shares to the Offer before the Board and its advisors have had an opportunity to fully explore all available strategies may preclude the possibility of a financially superior transaction. - Representatives of Dr. Kramer and Northstar are scheduled to meet to discuss the Offer further. At this time, it is impossible to predict whether any supported offer or transaction will emerge from these discussions. 

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