Following Tenet Health’s rejection of Community Health Systems’ $6 per share, all-cash bid for acquisition, CHS has issued the following statement:
“We are disappointed that the Tenet Board of Directors rejected our all-cash offer and refuses to engage with us. Instead of focusing on creating shareholder value, the Tenet Board elected to bring an irresponsible lawsuit. Despite the Board’s strategy of entrenchment, we remain ready to engage in constructive discussions to move this transaction forward. We would welcome the opportunity to review additional information Tenet can provide and are prepared to recognize any additional value it can demonstrate.”
Read the CHS statement here.
Read more about Tenet and CHS:
– CHS Files Motion to Dismiss “Baseless” Tenet Lawsuit
– CHS Stock Dips After Receiving Subpoena
– CHS Still Wants Tenet: Revised All-Cash Offer Stands at $6 Per Stock
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