DOJ Seeks More Premerger Info From CVS, Signify
20 Outubro 2022 - 8:57AM
Dow Jones News
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)
Copyright (c) 2022 Dow Jones & Company, Inc.
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