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New details about the Signify bidding war
An SEC filing about CVS’s proposed $8 billion acquisition of Signify Health gives us a little more insight into the bidding war that unfolded over the summer — and how CVS ended up paying far more than it initially proposed. What we know so far from reports: UnitedHealth Group, Amazon, and Option Care Health all made bids on the business. According to the filing, there were five total parties involved in the final process. After receiving an unsolicited $20 per share bid in June, Signify contacted 15 parties to see if they might be interested.
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