Brief: Amedisys Announces Receipt Of Unsolicited Proposal From Optum

Option Care Health

05/06/2023 13:13

June 5 (Reuters) - Amedisys Inc  AMED.O :
    * AMEDISYS ANNOUNCES RECEIPT OF UNSOLICITED PROPOSAL FROM
OPTUM
    * AMEDISYS INC - PROPOSED DEAL FOR $100 PER SHARE
    * AMEDISYS INC - AMEDISYS ENGAGING IN DISCUSSIONS WITH OPTUM
    * AMEDISYS: UPON CLOSING CO STOCKHOLDERS EXPECTED TO OWN
ABOUT
35.5% OF OUTSTANDING SHARES OF COMBINED CO ON A FULLY DILUTED
BASIS
    * AMEDISYS INC - STOCKHOLDERS WOULD GET 3.0213 SHARES OF
OPTION
CARE HEALTH STOCK FOR EACH EXISTING SHARE OF CO THEY HOLD
    * AMEDISYS INC - AMEDISYS' BOARD HAS NOT DETERMINED THAT
OPTUM'S
PROPOSAL CONSTITUTES A SUPERIOR PROPOSAL
    * AMEDISYS - BOARD'S RECOMMENDATION IN FAVOR OF MERGER
AGREEMENT
WITH OPTION CARE HEALTH AND MERGER WITH OPTION CARE HEALTH
CONTINUES TO BE IN EFFECT

Source text for Eikon:  ID:nGNXbhDHjY 
Further company coverage:  AMED.O 

 ((Reuters.Briefs@thomsonreuters.com;))