United Healthcare (NYSE:UNH) and Change Healthcare (NASDAQ:CHNG) disclosed that the U.S. Dept of Justice has till Feb. 27 to sue to block the transaction. Change Healthcare fell 2.6% in after hours buying and selling.
The businesses initially agreed to a timing settlement with the DOJ to not consummate the deal till Feb. 22. The timing settlement additionally supplied that the businesses will present the DOJ with 10 days’ discover earlier than the consummation of the merger, throughout which period the DOJ could search to dam the deal by means of the submitting of a lawsuit. Efficient Feb 17, the businesses supplied discover to the DOJ, in line with an 8-Okay submitting.
The information comes after a report on Tuesday that the DOJ was getting ready a lawsuit to dam United Healthcare (UNH) from buying the corporate Change Healthcare (CHNG). The DOJ hadn’t discovered any divestitures that may be acceptable to allay the antitrust issues for the mixture.
In December UNH pushed again the deadline to finish its merger with Change Healthcare (CHNG) to April 5 because it labored to achieve regulatory approval for the deal. In November, the businesses agreed with the Division of Justice to not full the transaction earlier than Feb. 22.
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