Oak Street Health shares jump more than 35% on report that CVS is nearing acquisition

Oak Street Health Inc. OSHshares jumped more than 35% in late trading Monday, after a report that CVS Health Corp. CVSwas nearing a $10.5 billion acquisition of the healthcare chain. The Wall Street Journal reported late Monday that the two parties were near a deal at roughly $39 a share, and it could be reported as early as this week; CVS is due to report earnings Wednesday morning. Previous reports said that the two companies were in talks for a deal of more than $10 billion.

Oak Street Health Inc. OSH shares jumped more than 35% in late trading Monday, after a report that CVS Health Corp. CVS was nearing a $10.5 billion acquisition of the healthcare chain. The Wall Street Journal reported late Monday that the two parties were near a deal at roughly $39 a share, and it could be reported as early as this week; CVS is due to report earnings Wednesday morning. Previous reports said that the two companies were in talks for a deal of more than $10 billion.

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WSJ News Exclusive | CVS Nearing $10.5 Billion Deal for Primary-Care Provider Oak Street HealthCVS is nearing a $10.5 billion deal to acquire primary-care provider Oak Street Health, people familiar with the matter say Conflict of interest IMHO. They are the high cost pharmacy and should be rejected. IMHO.
Source: WSJ - 🏆 98. / 63 Read more »