Morning Brief: Elliott Presses Athenahealth on Its Takeover Bid

Paul Singer’s hedge fund firm said the health care software company has “struggled as a public company.”

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Elliott Management continues to turn up the heat on Athenahealth. The sometime-activist recently offered to acquire the health care software company for $160 per share. In a new letter to the board of directors, Elliott stressed that its takeover bid received strong support from the investment community and the media, noting that “Athenahealth has struggled as a public company and should immediately explore a value-maximizing sale, including consideration of Elliott’s offer.”

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