NeueHealth jumps on $1.3 bln go-private deal

Neuehealth

23/12/2024 23:17

** Health insurer NeueHealth shares  NEUE.N  rise ~64% to
$7.07 in extended trading
    ** NEUE to be taken private by an affiliate of New
Enterprise Associates (NEA) and consortium of investors for
about $1.3 bln
    ** Co's shareholders will receive $7.33/shr in cash, a ~70%
premium over NEUE's closing price on Monday
    ** Deal also includes 30-day "go-shop" period
    ** NEA is the largest shareholder in co with a 32.91% stake
as of Sept. 30 – LSEG
    ** NEA and 12 existing shareholders have entered into
rollover agreements to exchange NEUE common/preferred stock for
newly issued equity in private co
    ** Up to Monday's close, NEUE is down 43.5% YTD

 (Reporting by Rishi Kant in Bengaluru)
 ((Rishi.Kant@thomsonreuters.com))