Oak Street Health Shares Rise Premarket on Takeover by CVS
08 Febbraio 2023 - 12:42PM
Dow Jones News
By Colin Kellaher
Shares of Oak Street Health Inc. moved higher in premarket
trading Wednesday after the primary-care provider agreed to be
acquired by healthcare giant CVS Health Corp.
CVS, based in Woonsocket, R.I., is paying $39 a share for Oak
Street, a nearly 16% premium to Tuesday's closing price of $33.68
for the Chicago company and about 50% above Monday's closing price
of $25.96, before The Wall Street Journal reported that a deal was
near.
The transaction is slated to close later this year.
Oak Street shares were recently up 5.2% to $35.44 in premarket
trading.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 08, 2023 06:27 ET (11:27 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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