Elliott Management Makes Proposal to Acquire athenahealth

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

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

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

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) Says it Will Review Unsolicited Acquisition Proposal from Elliott Management

athenahealth, Inc. (NASDAQ: ATHN), a leading provider of network-enabled services for hospital and ambulatory customers nationwide, today confirmed that it has received an unsolicited proposal from Elliott Management to acquire the Company for $160 per share in cash.

Consistent with its fiduciary duties... More

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

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