Talkspace surges after report of buyout talks by Amwell

AMERICAN WELL

28/11/2022 16:05

** Shares of online therapy app Talkspace Inc  TALK.O  rise
35% to 81 cents
    ** Stock set to see its best day on record if gains hold 
    ** Co is in advanced talks to be acquired by telehealth firm
Amwell  AMWL.N , financial news website Calcalist reported on
Sunday 
    ** Report mentions a price of $1.50/shr for TALK, reflecting
a value of $200 million; price represents a premium of 150% over
Talkspace's Friday close
    ** Amwell said it does not comment on rumors or speculations
in response to a Reuters request for comment; Talkspace declined
to comment
    ** Including session moves, stock down ~59% YTD
 (Reporting by Raghav Mahobe)
 ((Raghav.Mahobe@thomsonreuters.com;))