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InsideArbitrage Potential Deal Alert: Investor Tarsadia Urges Cue Health (HLTH) to Review Options

  • August 31, 2023

POTENTIAL DEAL DETAILS

StockCue Health Inc.SymbolHLTH
Date Announced08/31/2023Source Reuters
TypeCompany Seeking Strategic Alternatives

According to Reuters, Tarsadia Investments urges Cue Health (HLTH) to review its strategy, including a possible sale.

Update(s):

September 21, 2023: Cue Health (HLTH) announced that its Board of Directors has unanimously approved the adoption of a limited-duration shareholder rights plan.

The Board adopted the Rights Plan in response to a rapid accumulation of shares by a third party. The Rights Plan is effective immediately and has a one-year term, expiring on September 20, 2024.

Cue Health Investor Relations

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.