Athenahealth May Drop to $110 Without Elliott Bid Says RBC [TheStreet.com]
Athena Technology Acquisition Corp. Class A (ATHN)
Last athena technology acquisition corp. class a earnings: 11/9 04:01 pm
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Source: TheStreet.com
Without the $160 per share Elliott bid, Athenahealth's shares may suffer according to an RBC analyst. Katherine Ross Updated Sep 18, 2018 9:44 AM EDT Athenahealth may suffer now that Elliott is reportedly backing off from its bid. Ruh-roh. On Monday, Sept. 18, The New York Post reported that Elliott Management, Paul Singer 's hedge fund, is backing away from its $160-per-share bid for Athenahealth ( ATHN ) . RBC analyst George Hill wrote, absent the bid, we suspect Athenahealth shares could fall back to the $110-$120 range where they traded prior to the activist bid. On Tuesday, Athenahealth was down 5% to around $135 a share in morning trading. The bid for a total sum of $6.9 billion was first made in May. The Post reported that Elliott while backing away from the in
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