Amedisys rises after extending deadline to close merger with UnitedHealth

Amedisys

27/12/2024 12:00

** Home health service provider Amedisys  AMED.O  rise 2.4%
to $88 premarket 
    ** Co and health insurer UnitedHealth  UNH.N  agree to
extend the deadline to close their $3.3 billion merger agreement
to next year, a regulatory filing showed
    **  The co's entered into a new waiver agreement, which
extends the merger deadline to 10 days after a final court
decision is issued in the lawsuit or Dec. 31, 2025, whichever is
earlier, the filing said
     ** The new waiver agreement includes a regulatory break fee
of $275 million, which may increase up to $325 million if the
companies fail to divest some assets
    ** UNH announced its intention to acquire Amedisys last year
and had expected to close the merger by Dec. 27, 2024
    ** Up to last close, AMED down 9.6% YTD, UNH down 2.95 YTD 

 (Reporting by Sneha S K)
 ((Sneha.SK@thomsonreuters.com;))