GOCO - GoHealth climbs after investor group makes $20 a share takeover bid

2023-05-19 10:26:24 ET

• GoHealth ( NASDAQ: GOCO ) rose 11% after an investor group that includes current holders made a non-binding offer for $20 a share for the insurance company.
• The investor group, which includes founding stockholders and Centerbridge Partners, made a non-binding proposal to buy the remainder of the shares they don't already own for $20, according to a 13D/A filing. The offer represents a 15% premium to GoHealth's closing share price on Thursday.
• "We wish to emphasize that, in our capacity as stockholders of the Company, we are only interested in acquiring the shares of the Company that we do not currently own, and accordingly we have no interest in pursuing a transaction that results in a disposition or sale of our holdings in the Company or GoHealth Holdings," the investor group wrote in the letter to GoHealth's board.
• GoHealth ( GOCO ) reported Q1 results last Monday.

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