Elliott again urges athenahealth to sell, claims a majority of shareholders agree

As athenahealth mulls a takeover bid by Elliott Management, the hedge fund today released a letter sent to the board of thew Watertown company claiming that a majority of other shareholders support a sale of the company. Elliott Management is hoping to urge athenahealth to take up its $6.4 billion bid from earlier this month, which followed months of athenahealth (Nasdaq: ATHN) saying the company isn't for sale. Elliott's offer, for $160 a share, representing a $6.4 billion valuation for the health…
Source: bizjournals.com Health Care:Physician Practices headlines - Category: American Health Authors: Source Type: news