Why Signify Health Stock Is Seeing Blue Skies Monday
$CVS
$SGFY
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Signify Health Inc (NYSE:SGFY) shares are trading higher after CVS Health Corp (NYSE:CVS) said it expects to close on the acquisition of Signify on or around March 29.
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The companies entered into a definitive agreement in September 2022 under which CVS Health announced it would acquire Signify Health for $30.50 per share in cash for a total transaction value of approximately $8 billion.
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Upon completion of the acquisition, Signify Health will continue to operate as a payor-agnostic business as part of CVS Health.
According to data from Benzinga Pro, SGFY has a 52-week high of $29.88 and a 52-week low of $10.70.