Amedisys shares soar on unsolicited supply from Optum amid present take care of Possibility Care Well being
Amedisys, Inc. (NASDAQ:) shares surged greater than 15% immediately after the corporate disclosed that it has acquired an unsolicited proposal from Optum, a diversified well being providers firm, to amass all excellent shares of Amedisys’ frequent inventory in an all-cash deal for $100 per share.
This supply comes after Amedisys had already entered right into a merger settlement with Possibility Care Well being, Inc. (NASDAQ:), as introduced on Could 3, 2023. Below the phrases of the merger settlement, Amedisys stockholders would obtain 3.0213 shares of Possibility Care Well being frequent inventory for every present share of Amedisys frequent inventory they maintain on the closing of the transaction.
In response to Optum’s proposal, Amedisys’ Board of Administrators consulted with its exterior counsel and monetary advisor to conduct a complete analysis. Amedisys is adhering to the phrases of the merger settlement with Possibility Care Well being and has not deemed Optum’s proposal to be a “Superior Proposal” as outlined within the present settlement.
Whereas participating in exploratory discussions with Optum, Amedisys stays dedicated to the merger settlement with Possibility Care Well being, which is topic to approval from each firms’ stockholders and related regulatory authorities.
Amedisys stockholders don’t must take any motion right now. The Amedisys Board’s advice in favor of the merger settlement with Possibility Care Well being and the merger with Possibility Care Well being continues to be in impact. There is no such thing as a certainty that the discussions with Optum will lead to a finalized transaction.
Possibility Care Well being shares closed with greater than a 6% acquire immediately.
