NeueHealth Inc. (NEUE) has entered into an agreement to be acquired by an affiliate of New Enterprise Associates, with an enterprise valuation of approximately $1.3 billion. After the transaction is finalized, NeueHealth will transition to private ownership.
On Monday, NEUE's stock surged in regular trading, closing at $4.31, an increase of $0.49 or 12.83%. In after-hours trading, the stock further escalated by $2.79, marking a gain of 64.73%.
According to the merger agreement, NeueHealth common stockholders will receive $7.33 per share in cash, reflecting a premium of about 70% over the closing price of the stock on December 23, 2024.
NeueHealth confirmed that its current executive leadership team will remain in place post-transaction, and they plan to reinvest 100% of their equity interests into newly issued shares within the privately held company.
The merger agreement provides for a 30-day "go-shop" period, set to expire at 12:01 AM, New York City time, on January 23, 2025.
The material has been provided by InstaForex Company - www.instaforex.com
On Monday, NEUE's stock surged in regular trading, closing at $4.31, an increase of $0.49 or 12.83%. In after-hours trading, the stock further escalated by $2.79, marking a gain of 64.73%.
According to the merger agreement, NeueHealth common stockholders will receive $7.33 per share in cash, reflecting a premium of about 70% over the closing price of the stock on December 23, 2024.
NeueHealth confirmed that its current executive leadership team will remain in place post-transaction, and they plan to reinvest 100% of their equity interests into newly issued shares within the privately held company.
The merger agreement provides for a 30-day "go-shop" period, set to expire at 12:01 AM, New York City time, on January 23, 2025.
The material has been provided by InstaForex Company - www.instaforex.com