LHCG - LHC Group rolls higher amid report on potential antitrust approval for UnitedHealth

January, 18 2023 03:47 PM LHC Group

LHC Group ( NASDAQ: LHCG ) ticked up 1.3% amid a report that the Federal Trade Commission may given unconditional clearance for UnitedHealth's ( NYSE: UNH ) planned acquisition.
Indications at this point are that the transaction may get unconditional FTC clearance, according to a tweet from CTFN, after the publication released a story earlier Wednesday.
The update comes as Dealreporter earlier this month said that a deal close can still happen in Q1. The parties certified substantial compliance on Dec. 6 and there's a timing agreement in place with no divestitures expected. T he timing agreement is set to expire in mid-February.
LHC ( LHCG ) last month 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.

For further details see: