Athenahealth (ATHN) option implied volatility flat into Elliott to make all cash offer for, CNBC reports

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athenahealth (ATHN) PT Raised to $160 at Baird Following Acquisition Offer by Elliot Management

May 8, 2018 9:16 AM EDT

Baird raised its price target on athenahealth (NASDAQ: ATHN) to $160.00 (from $150.00) while maintaining a Outperform rating following offer by Elliot Management.

Elliot Management proposed to acquire ATHN for $160/share in cash, which equates to an enterprise value of ~$6.9B and 17-18x forward... More

Jefferies Remains Sidelined on Athenahealth (ATHN) Following Unsolicited Offer

May 8, 2018 8:17 AM EDT

Jefferies reiterated a Hold rating and $130.00 price target on Athenahealth (NASDAQ: ATHN) as the company receives an unsolicited offer from Elliott Management to acquire the company for $160/share in cash. Elliott is asking for three weeks to perform some highly-targeted additional due... More

Athenahealth (ATHN) Board Likely to Reject Offer from Elliott - Evercore ISI

May 7, 2018 10:38 AM EDT

Evercore ISI analyst Ross Muken expects Athenahealth (NASDAQ: ATHN) Board to reject the $160/share offer from Elliott as undervaluing the company but said this is par for the course in these situations.

Muken notes this is not a new strategy... More

Athenahealth (ATHN) Board Seen Resisting Initial Elliott Bid - RBC

May 7, 2018 10:29 AM EDT

RBC Capital analyst George Hill said he expects Athenahealth (NASDAQ: ATHN) board to resist the initial $160/share offer from Elliott Managment as a " 27% premium on the volatile ATHN shares appears to be low" and is just above the 52-week high.

Hill... More