Oak Street Health Inc. OSHshares jumped more than 35% in late trading Monday, after a report that CVS Health Corp. CVSwas nearing a $10.5 billion acquisition of the healthcare chain. The Wall Street Journal reported late Monday that the two parties were near a deal at roughly $39 a share, and it could be reported as early as this week; CVS is due to report earnings Wednesday morning. Previous reports said that the two companies were in talks for a deal of more than $10 billion.
Oak Street Health Inc. OSH shares jumped more than 35% in late trading Monday, after a report that CVS Health Corp. CVS was nearing a $10.5 billion acquisition of the healthcare chain. The Wall Street Journal reported late Monday that the two parties were near a deal at roughly $39 a share, and it could be reported as early as this week; CVS is due to report earnings Wednesday morning. Previous reports said that the two companies were in talks for a deal of more than $10 billion.