Deals
Elliott Says Athenahealth Isn't Engaging in Takeover Talks
- No communication by health company about deal, hedge fund says
- Hedge fund made $160-a-share offer for Athenahealth last week
This article is for subscribers only.
Elliott Management Corp. said it has heard nothing from Athenahealth Inc. or its board after proposing on May 7 to acquire the health technology company for $6.46 billion.
“Since that time, we have heard nothing from the company beyond its cursory, boilerplate press release,” Jesse Cohn, an Elliott partner and senior portfolio manager, said in a letter to Athenahealth’s board Monday. The New York hedge fund run by billionaire Paul Singer offer would take the company private for $160 a share.