OSH - Oak Street Health is mum on unusual market activity amid CVS takeover chatter

• Oak Street Health ( NYSE: OSH ) said that as a matter of policy, it would not comment on “unusual market activity” that has sent the shares of the primary care provider ~31% higher on Tuesday amid reports of takeover interest from CVS Health ( NYSE: CVS ).
• The statement comes after The Wall Street Journal reported Monday that the pharmacy giant is close to striking a deal to acquire the company for more than $10B.
• The news sent OSH stock to the highest level in more than a year as over 9M company shares changed hands, compared to the 65-day average volume of ~2.4M.
• Responding to a query from the New York Stock Exchange on unusual trading activity, Oak Street Health ( OSH ) said that “its policy is not to comment on unusual market activity.”
• Read: In January, Seeking Alpha contributor Dalius Taurus discussed the rationale for a deal between the two companies.

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