Shares of
Amazon,
Signify is up for sale in an auction that could value it at more than $8 billion, the Journal reported. The company will hold a board meeting Monday to discuss the bids, and final bids are due around Labor Day, according to the Journal.
Signify, which provides technology to help with in-home care, has a market cap of roughly $4.97 billion.
UnitedHealth has submitted the highest bid for Signify, in excess of $30 a share, while Amazon’s offer is close behind, Bloomberg reported.
The New York Stock Exchange welcomes Signify Health (NYSE: SGFY), today, Thursday, February 11, 2021, in celebration of its IPO. To honor the occasion, Kyle Armbrester, CEO, joined by John Tuttle, NYSE Vice Chairman and Chief Commercial Officer, rings The Opening Bell®.
NYSE
A deal would push Amazon further into health care. The retail behemoth
Amazon’s stock was down more than 3% on Monday morning.
Representatives from Amazon and Signify Health declined to comment.
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Source Link: https://www.cnbc.com/2022/08/22/signify-health-stock-surges-on-reports-amazon-eyeing-a-bid.html