LHCG - LHC Group ticks higher on updated Nasdaq delisting notice

LHC Group ( NASDAQ: LHCG ) rose 0.3% after an updated  Nasdaq delisting notice that identified Tuesday as the 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 Tuesday, according to an update Nasdaq notice from earlier Tuesday  The merger is tentatively scheduled to close prior to the market open on Wednesday, subject to pending regulatory approvals. The original Nasdaq notice indicated the deal would close on Thursday.

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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