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Manor Care board exploring alternatives.


Manor A house, a dwelling, or a residence.

Historically under English Law, a manor was a parcel of land granted by the king to a lord or other high ranking person. Incident to every manor was the right of the lord to hold a court called the court baron, which was organized to
 Care announced that in response to an expression of interest, a special committee of its board of directors is exploring various strategic alternatives, including a possible sale of the Toledo Toledo, city, Spain
Toledo, city (1990 pop. 60,671), capital of Toledo province, central Spain, in Castile–La Mancha, on a granite hill surrounded on three sides by a gorge of the Tagus River.
, Ohio-based company.

The committee has received an acquisition proposal from one group which includes members of the company's senior management, and is inviting interested parties to submit proposals for its consideration.

The company's stock shot up more than $4, to about $12.50, following the March 3 announcement.
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Article Details
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Author:ADLER, SAM
Publication:Contemporary Long Term Care
Geographic Code:1USA
Date:Apr 1, 2000
Words:79
Previous Article:CORPORATE LADDER.(nursing home news)
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