Why Signify Health Stock Is Seeing Blue Skies Monday

Signify Health Inc SGFY shares are trading higher after CVS Health Corp CVS said it expects to close on the acquisition of Signify on or around March 29.

What Else?

The companies entered into a definitive agreement in September 2022 under which CVS Health announced it would acquire Signify Health for $30.50 per share in cash for a total transaction value of approximately $8 billion.

See Also: Why First Republic Bank Stock Is Popping Off

Upon completion of the acquisition, Signify Health will continue to operate as a payor-agnostic business as part of CVS Health.

According to data from Benzinga Pro, SGFY has a 52-week high of $29.88 and a 52-week low of $10.70.

Market News and Data brought to you by Benzinga APIs
Posted In: Newswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!