Content analysis
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Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Bad
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New words:
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Financial report summary
?Risks
- The exchange ratio is fixed and will not be adjusted in the event of any change in the share prices of either HTA or the Company.
- Failure to complete the Merger could negatively affect the share prices and the future business and financial results of the Company.
- The Merger Agreement contains provisions that could discourage a potential acquirer of the Company or could result in any acquisition proposal being at a lower price than it might otherwise be.
- If the Merger is not consummated by August 28, 2022, either the Company or HTA may terminate the Merger Agreement.
- The pendency of the Merger could adversely affect the business and operations of the Company.
- Approval of the Merger requires a supermajority vote by the Company’s stockholders, which could have the effect of increasing the difficulty of consummating the Merger.
- The Company and/or HTA may be or become the target of stockholder class action and/or derivative lawsuits that could result in substantial costs and may delay or prevent the Merger from being completed.
- The Combined Company expects to incur substantial expenses related to the Merger.
- Following the Merger, the Combined Company may be unable to integrate the businesses of the Company and HTA successfully and realize the anticipated synergies and related benefits of the Merger or do so within the anticipated timeframe.
- Following the Merger, the Combined Company may be unable to retain key employees.
- The future results of the Combined Company will suffer if the Combined Company does not effectively manage its expanded operations following the Merger.
- The trading price of shares of common stock of the Combined Company may be affected by factors different from those affecting the price of shares of the Company’s common stock or HTA’s common stock before the Merger.
- The Combined Company cannot assure you that it will be able to continue paying dividends at or above the rate currently paid by the Company and HTA.
- Counterparties to certain agreements with the Company or HTA may exercise contractual rights under such agreements in connection with the Merger.
- Joint venture investments, including those resulting from the anticipated contribution of certain of HTA properties into one or more joint ventures prior to the consummation of the Merger, could be adversely affected by the Combined Company's lack of sole decision-making authority, its reliance on its joint venture partners' financial condition or disputes between any joint venture partner and the Combined Company.
- The Combined Company would succeed to, and may incur, adverse tax consequences if the Company or HTA has failed or fails to qualify as a REIT.
- In connection with the Merger, the Combined Company is planning to refinance a significant amount of indebtedness, and cannot guarantee that it will be able to obtain the necessary funds on favorable terms or at all.
- The Combined Company will have a substantial amount of indebtedness and may need to incur more in the future.
- Pandemics and other health concerns, including the currently ongoing COVID-19 pandemic, and the measures intended to prevent their spread, could have a material adverse effect on the Combined Company’s business, results of operations, cash flows and financial condition.
- Further, disruption in the real estate markets may restrict the Combined Company’s ability to deploy capital for new investments, or limit its ability to make new investments on terms that are favorable to the Combined Company.
Management Discussion
- Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
- This report and other materials the Company has filed or may file with the Securities and Exchange Commission (the "SEC"), as well as information included in oral statements or other written statements made, or to be made, by management of the Company, contain, or will contain, disclosures that are “forward-looking statements.” Forward-looking statements include all statements that do not relate solely to historical or current facts and can be identified by the use of words such as “may,” “will,” “expect,” “believe,” “anticipate,” “target,” “intend,” “plan,” “estimate,” “project,” “continue,” “should,” “could," "budget" and other comparable terms, and include, but are not limited to, statements related to the anticipated timing, financing benefits and financial and operational impact of the Merger. These forward-looking statements are based on the Company's, and with respect to the Merger, include HTA's, current plans, objectives, estimates, expectations and intentions and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks and uncertainties associated with: the Company’s and HTA’s ability to complete the Merger on the proposed terms or on the anticipated timeline, or at all, including risks and uncertainties related to securing the necessary stockholder approvals and satisfaction of other closing conditions to consummate the Merger; the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement; risks related to diverting the attention the Company's management from ongoing business operations; failure to realize the expected benefits of the Merger; significant transaction costs and/or unknown or inestimable liabilities of the Merger; the risk of shareholder litigation in connection with the Merger, including resulting expense or delay; the risk that the Company’s and HTA’s respective businesses will not be integrated successfully or that such integration may be more difficult, time-consuming or costly than expected; the ability to obtain the expected financing to consummate the Merger; risks related to future opportunities and plans for the combined company, including the uncertainty of expected future financial performance and results of the Combined Company following completion of the proposed transaction; effects relating to the announcement of the Merger or any further announcements or the consummation of the Merger on the market price of the Company’s or HTA’s common stock; the possibility that, if the Company does not achieve the perceived benefits of the Merger as rapidly or to the extent anticipated by financial analysts or investors, the market price of the Company’s common stock could decline; general adverse economic and local real estate conditions; the inability of significant tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business; increases in interest rates; increases in operating expenses and real estate taxes; changes in the dividend policy for the Company’s common stock or its ability to pay dividends; impairment charges; pandemics or other health crises, such as COVID-19; and other risks and uncertainties affecting the Company and HTA, including those described from time to time under the caption “Risk Factors” and elsewhere in the Company’s filings and reports with the SEC, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. Moreover, other risks and uncertainties of which the Company is not currently aware may also affect the Company's forward-looking statements and may cause actual results and the timing of events to differ materially from those anticipated. The forward-looking statements made in this communication are made only as of the date hereof or as of the dates indicated in the forward-looking statements, even if they are subsequently made available by the Company on its website or otherwise. The Company undertakes no obligation to update or supplement any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances that exist after the date as of which the forward-looking statements were made, except as required by law.
- The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Stockholders and investors are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in the Company’s filings and reports, including, without limitation, estimates and projections regarding the performance of development projects the Company is pursuing.