LHC Group Shares Move Higher on Report of Takeover by UnitedHealth
March 29 2022 - 7:21AM
Dow Jones News
By Colin Kellaher
Shares of LHC Group Inc. rose in premarket trading Tuesday after
The Wall Street Journal reported that UnitedHealth Group Inc. has
agreed to buy the home-health company for about $5.4 billion.
According to the report, UnitedHealth, parent of the biggest
health insurer in the U.S., will pay $170 a share for LHC, an 8.1%
premium to Monday's closing price of $157.23 for the Lafayette,
La., company.
News of the deal, expected to be announced Tuesday morning, sent
shares of LHC up 5% to $165.09 in premarket trading.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
March 29, 2022 07:06 ET (11:06 GMT)
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