DOJ Seeks More Premerger Info From CVS, Signify

By Dean Seal

The U.S. Justice Department has sent requests to CVS Health Corp. and Signify Health Inc. for additional information related to CVS's proposed acquisition of the home-healthcare company.

The drugstore giant said in a securities filing Thursday that the requests extend the window that federal antitrust regulators have to challenge the $8 billion deal announced last month.

The 30-day waiting period established under the Hart-Scott-Rodino Antitrust Improvements Act of 1976--which gives the Federal Trade Commission and DOJ time to review a transaction for potential antitrust violations--was originally set to close at 11:59 p.m. on Wednesday.

By sending each company a second information request on Wednesday, the waiting period will be reset to run for 30 days after both CVS and Signify comply with the request.

CVS said it still anticipates that the deal will close in the first half of 2023.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

October 20, 2022 07:42 ET (11:42 GMT)

Signify Health (NYSE:SGFY)
Historical Stock Chart
From Nov 2024 to Dec 2024