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BUZZ-Amedisys rises after extending deadline to close merger with UnitedHealth

ReutersDec 27, 2024 12:00 PM

** Home health service provider Amedisys AMED.O rise 2.4% to $88 premarket

** Co and health insurer UnitedHealth UNH.N agree to extend the deadline to close their $3.3 billion merger agreement to next year, a regulatory filing showed

** The co's entered into a new waiver agreement, which extends the merger deadline to 10 days after a final court decision is issued in the lawsuit or Dec. 31, 2025, whichever is earlier, the filing said

** The new waiver agreement includes a regulatory break fee of $275 million, which may increase up to $325 million if the companies fail to divest some assets

** UNH announced its intention to acquire Amedisys last year and had expected to close the merger by Dec. 27, 2024

** Up to last close, AMED down 9.6% YTD, UNH down 2.95 YTD

(Reporting by Sneha S K)

((Sneha.SK@thomsonreuters.com;))

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