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Merger Arbitrage Mondays – CVS Health To Acquire Signify Health
Merger activity increased last week with four new deals announced and one deal completed. Signify Health (SGFY) is a healthcare platform that combines analytics, technology, and healthcare provider networks across the nation to create value-based payment programs. The company was founded in 2017 and is headquartered in Dallas, Texas. We added Signify Health (SGFY) as a potential deal in the works on August 2, 2022, when The Wall Street Journal reported that the company was working with bankers to explore strategic alternatives including a sale. Amazon (AMZN) was among the bidders for Siginify. On September 2, 2022, Reuters reported that CVS Health Corp (CVS) was in advanced talks to buy Signify Health for about $8 billion. On September 5, 2022, CVS Health entered into an agreement to acquire Signify Health for $30.50 per share in cash, representing a total transaction value of approximately $8 billion. You can find all the active deals listed below in our Merger Arbitrage Tool (MAT) which automatically updates itself during market hours. Merger Arbitrage Deal Statistics: Total Number of Deals Closed in 2022 131 Total Number of Deals Not Completed in 2022 5 Total Number of Pending Deals Cash Deals 58 Stock Deals 20 Stock & Cash Deals 3 Special Conditions 9 Total Number of Pending Deals 90 Aggregate Deal...
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