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Report: Capital Senior Living rejected TPG approaches for possible takeover

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Report: Capital Senior Living rejected TPG approaches for possible takeover

Capital Senior Living Corp. has turned down several approaches over the last few months by private equity firm TPG regarding an offer to acquire the seniors housing operator, Bloomberg News reported, citing people familiar with the matter.

Shares of Capital Senior were up by more than 18% around 1 p.m. ET on May 31.

Capital Senior CFO Carey Hendrickson and a TPG representative did not comment on the matter, according to the report.