LHC Group drops on report FTC looking at vertical harm theories [Seeking Alpha]
LHC Group - common stock (LHCG)
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Source: Seeking Alpha
LHC Group drops on report FTC looking at vertical harm theoriesJan. 26, 2023 11:04 AM ETLHC Group, Inc. (LHCG)UNHBy:Joshua FinemanSA News Editorjetcityimage/iStock Editorial via Getty ImagesLHC Group (NASDAQ:fell 2%NYSE:The FTC staff is said to nearingthe conclusion of its information gathering, according to traders, who cited a Capitol Forum report. UnitedHealth () is said to have hired a lawyer whodefended the company in its lawsuitagainst the FTC over its Change acquisition.The latest report appears to contradict other recent stories, including a CTFN report from last Wednesday that the transaction may getunconditional FTC clearance.Dealreporter earlier this month said that a deal close can still happen in Q1. The parties certified substantial compliance on Dec. 6 and there's a timing agreement in place with no divestitures expected.LHC (extended the termination datesecond requestfor $170/share in late March.
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