Tuesday, Jun 28, 2016
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Manor Care repurchases 5.5% of common stock

Manor Care Inc. repurchased about 5.5 percent of its outstanding common stock for about $175 million under an agreement with JPMorgan Bank, the Toledo nursing home company announced yesterday.

More stock will be purchased over time, prior to Nov. 30, the company said. Manor Care may have to pay a price adjustment

for shares JPMorgan purchases, the company said.

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