LHCG - LHC Group gains amid Nasdaq delisting notice for UnitedHealth deal

February, 16 2023 11:06 AM LHC Group

LHC Group ( NASDAQ: LHCG ) rose 2.1% amid Nasdaq delisting notice that identified Wednesday as last trading day for the company as UnitedHealth ( NYSE: UNH ) completes its acquisition.
The stock will be halted immediately following the after hours session on Feb. 22, according to a Nasdaq notice.
The Nasdaq delisting comes after recent media and other reports that the Federal Trade Commission is unlikely to try to block the transaction. CTFN late last month reported that FTC is unlikely to challenge the combinatio n and as a timing agreement with regulator is reportedly set to expire this week.
LHC ( LHCG ) in December extended the termination date for its sale to UnitedHealth to March 28 and said it expects the deal to close in Q1. The companies received a second request from the FTC in June related to the $5.4 billion deal.
UnitedHealth ( UNH ) agreed to buy home health business LHC Group for $170/share in late March.

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