Oak Street, In CVS Crosshairs, Won't Comment on Market Activity
07 Fevereiro 2023 - 1:07PM
Dow Jones News
By Colin Kellaher
Oak Street Health Inc., which has seen its share price surge
more than 30% amid a report that the primary-care provider is near
a deal to be acquired by CVS Health Corp., on Tuesday declined to
comment on the stock-market activity.
The Chicago company said it was contacted by the New York Stock
Exchange in accordance with the bourse's usual practice, but that
its policy is not to comment on unusual market activity.
The Wall Street Journal on Monday reported that healthcare giant
CVS could announce a deal this week to buy Oak Street for about $39
a share, roughly 50% above Monday's closing price of $25.96.
Oak Street shares were recently changing hands at $33.99, up
31%, after hitting a 52-week high of $34.64 early in the
session.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 07, 2023 10:52 ET (15:52 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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