Update 5:45pm : Adds that hearing ended.
- Change Healthcare ( NASDAQ: CHNG ) rose 2.3% in regular trading Thursday amid closing arguments in the Dept. of Justice's lawsuit to block UnitedHealth's ( NYSE: UNH ) planned purchase.
- The final arguments in the case started at 1pm on Thursday and concluded around 5:40pm. The case was originally heard over a few weeks early last month.
- The DOJ sued to block UnitedHealth's ( UNH ) $8 billion planned purchase of Change ( CHNG ) in late February.
- A decision is likely happen in October, Dealreporter said last month, citing several sources familiar with the matter. One source told the publication that a judge could even rule as early as late September.
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In late April UnitedHealth ( UNH ) announced it agreed to sell Change Healthcare's ( CHNG ) claims editing business to TPG Capital for $2.2 billion in cash in an apparent attempt to help ease antitrust regulators' concerns about the deal.
For further details see:
Change Healthcare gains amid final arguments in DOJ case to block UnitedHealth deal (update)