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Oak Street Health shares jump more than 35% on report that CVS is nearing acquisition

Jeremy C. Owens
·1 min read
Oak Street Health shares jump more than 35% on report that CVS is nearing acquisition

Oak Street Health Inc. (OSH) shares jumped more than 35% in late trading Monday, after a report that CVS Health Corp. (CVS) was nearing a $10.5 billion acquisition of the healthcare chain. The Wall Street Journal reported late Monday that the two parties were near a deal at roughly $39 a share, and it could be reported as early as this week; CVS is due to report earnings Wednesday morning. Oak Street Health shares closed Monday at $25.96 after a 2.5% decline, then spiked to more than $35.50 in the extended session.

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