Oak Street Health Inc. OSHshares jumped more than 35% in late trading Monday, after a report that CVS Health Corp. CVSwas nearing a $10.5 billion acquisition of the healthcare chain. The Wall Street Journal reported late Monday that the two parties were near a deal at roughly $39 a share, and it could be reported as early as this week; CVS is due to report earnings Wednesday morning. Previous reports said that the two companies were in talks for a deal of more than $10 billion. Oak Street Health shares closed Monday at $25.96 after a 2.5% decline, then spiked to more than $35.50 in the extended session. CVS shares ticked down about 0.3% in late trading. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Read Full Story
- : These housing markets are cooling the most. Tech cities are high on the list. - March 27, 2023
- The Margin: Israel protests explained: Netanyahu’s judicial reform, and why thousands of workers are on strike - March 27, 2023
- The Conversation: Israel’s military reservists are joining protests against the Netanyahu government– potentially transforming a political crisis into a security crisis - March 27, 2023