Home / latest news / Paul Singer is Elliott to make a cash offer for Athenahealth of $ 155 – $ 160 per share:

Paul Singer is Elliott to make a cash offer for Athenahealth of $ 155 – $ 160 per share:

Elliott Management is preparing an all-volume deal for AthenaHealth with a bid of $ 155 to $ 160 per share.

Elliott Paul Singer took over roughly 9.2 percent in the healthcare industry about a year ago. AthenaHealth is headed by Jonathan Bush, Chief Executive Officer, who has been described as open and controversial. He is also the cousin of President George W. Bush and brother Billy Bush.

Athenahealth’s stock rose 22 percent on Monday.

The company has previously focused on activists and David Einhorn of Greenlight Capital, who a short position a few years ago.

Elliott’s contract could amount to roughly $ 7 billion, including debt, Faber sources said.

AthenaHealth’s spokeswoman was not immediately available. ………….

Elliott said he is preparing all cash transactions between $ 155 and $ 160 per share.
The Health Technology Company was co-founded by Jonathan Bush, Managing Director.
Elliott has earned approximately 9.2% of the company approximately a year ago.

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