Community Health (CYH) Boosts Offer for Tenet (THC) from $6 to $7.25/Share
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Community Health Systems, Inc. (NYSE: CYH) Monday announced it has raised its all-cash offer to acquire all outstanding shares of common stock of Tenet Healthcare Corporation (NYSE: THC) to $7.25 per share from $6.00 per share.
The increased offer is CHS’s best and final offer based on information currently available to CHS. If Tenet has not begun good-faith discussions with CHS by May 9, 2011, at 6:00 p.m. ET, the offer will expire and CHS will withdraw its nominees for election to Tenet’s Board of Directors.
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The increased offer is CHS’s best and final offer based on information currently available to CHS. If Tenet has not begun good-faith discussions with CHS by May 9, 2011, at 6:00 p.m. ET, the offer will expire and CHS will withdraw its nominees for election to Tenet’s Board of Directors.
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