GOCO - GoHealth forms special committee to evaluate buyout offer from investor group
2023-05-23 17:05:46 ET
- GoHealth ( NASDAQ: GOCO ) on Tuesday said it had established a special committee to consider a buyout proposal from two of its largest shareholders.
- An investor group including founding stockholders and Centerbridge Partners last week made a non-binding proposal to buy the remainder of GOCO shares not already owned for $20/share.
- GOCO on Friday confirmed the receipt of the buyout offer.
- "The Board appointed as the members of the Special Committee independent directors David Fisher, Alex Timm and Joseph Flanagan," GOCO said in Tuesday's statement .
- The company added that no decision had been made yet by the committee regarding the buyout offer and that no definitive timetable had been set for the completion of its evaluation of the offer.
- Class A shares of GOCO earlier closed -3.6% at $19.03.
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GoHealth forms special committee to evaluate buyout offer from investor group