Tags: elliott | management | athenahealth | paul singer

Elliott Management to Make All-Cash Offer for Athenahealth: CNBC

Elliott Management to Make All-Cash Offer for Athenahealth: CNBC
(Pogonici/Dreamstime)

Monday, 07 May 2018 09:29 AM

Elliott Management is preparing an all cash offer for Athenahealth Inc that would value the healthcare IT company at about $7 billion, CNBC reported on Monday, citing sources.

The offer from Elliott, which already has stake in the company, of $155-$160 per share would represent a premium of about 22.9-26.9 percent to athenahealth's Friday close.

The total deal could be worth about $7 billion, including debt, CNBC reported. 

The company did not immediately respond to request for comment. 

© 2019 Thomson/Reuters. All rights reserved.

   
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The offer from Elliott, which already has stake in the company, of $155-$160 per share would represent a premium of about 22.9-26.9 percent to athenahealth's Friday close.
elliott, management, athenahealth, paul singer
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2018-29-07
Monday, 07 May 2018 09:29 AM
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