Community Health/Tenet Healthcare
Community Health Systems, Inc. (NYSE: CYH) today announced that it has made an offer to acquire Tenet Healthcare Corporation (NYSE: THC) for $6.00 per share, including $5.00 per share in cash and $1.00 per share in CHS common stock.
Total value on the transaction is $7.3 billion, with $3.3 billion in equity and $4 billion in net debt.
The acquisition of Tenet is expected to be accretive to CHS’s earnings per share in the first full year after closing, excluding one-time costs.
CHS’s financial advisor is Credit Suisse and its legal advisor is Kirkland & Ellis LLP.
Total value on the transaction is $7.3 billion, with $3.3 billion in equity and $4 billion in net debt.
The acquisition of Tenet is expected to be accretive to CHS’s earnings per share in the first full year after closing, excluding one-time costs.
CHS’s financial advisor is Credit Suisse and its legal advisor is Kirkland & Ellis LLP.
-
Glenview Capital Enters Apollo Group (APOL), Jarden (JAH), Packaging Corp; Lifts CBS (CBS), eBay (EBAY) (more...)
-
Robbins' Glenview Capital 13F Shows New Stakes in Brookdale (BKD), CDW (CDW), SunEdison (SUNE) (more...)
-
Glenview Capital Shows News Stakes in Applied Materials (AMAT), eBay (EBAY), Sprint (S), WellPoint (WLP) (more..)
-
Glenview Capital Enters Aetna (AET), Comcast (CMCSA), VeriFone (PAY) (more...)
-
StreetInsider.com's Stocks for an Obama Victory
-
StreetInsider.com Guide for Presidential Election Stocks
-
Romney Takes Lead Over Obama in Latest Poll
-
Speculators Make Big Bets Following Romney's Debate Victory
-
Canaccord Genuity Morning Coffee on SPDR Health Care E.T.F. (XLV): Good News, Bad News
-
George Soros' Hedge Fund Slashes Stake In Gold ETF (GLD), Raises Stake in Citi (C) and AT&T (T)
