UnitedHealth to Buy Diplomat at 31% Discount to Friday's Closing Price

Date : 12/09/2019 @ 11:50AM
Source : Dow Jones News
Stock : Diplomat Pharmacy Inc (DPLO)
Quote : 3.98  -0.02 (-0.50%) @ 1:00AM
Diplomat Pharmacy share price Chart
After Hours
Last Trade
Last $ 3.98 ◊ 0.00 (0.00%)

UnitedHealth to Buy Diplomat at 31% Discount to Friday's Closing Price

UnitedHealth (NYSE:UNH)
Historical Stock Chart

2 Months : From Nov 2019 to Jan 2020

Click Here for more UnitedHealth Charts.

By Colin Kellaher

 

UnitedHealth Group Inc. (UNH) on Monday said it agreed to buy Diplomat Pharmacy Inc. (DPLO) for $4.00 a share in cash, a roughly 31% discount to Friday's closing price.

Shares of Diplomat, a Flint, Mich., provider of specialty pharmacy and infusion services, closed Friday at $5.81.

UnitedHealth, a Minnetonka, Minn., health insurer, said it will combine Diplomat with OptumRx, the pharmacy-care-services business of its Optum health-services unit.

UnitedHealth said the combination will support improved health outcomes and reduced prescription-drug costs while helping lower the overall total cost of care.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

December 09, 2019 06:35 ET (11:35 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest DPLO Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20200119 02:51:14