Advertisement
Singapore markets open in 8 hours 57 minutes

  • Straits Times Index

    3,272.72
    +47.55 (+1.47%)
     

  • S&P 500

    5,059.93
    +49.33 (+0.98%)
     

  • Dow

    38,421.55
    +181.57 (+0.47%)
     

  • Nasdaq

    15,660.82
    +209.51 (+1.36%)
     

  • Bitcoin USD

    66,478.75
    +441.50 (+0.67%)
     

  • CMC Crypto 200

    1,431.99
    +17.23 (+1.22%)
     

  • FTSE 100

    8,044.81
    +20.94 (+0.26%)
     

  • Gold

    2,335.50
    -10.90 (-0.46%)
     

  • Crude Oil

    82.80
    +0.90 (+1.10%)
     

  • 10-Yr Bond

    4.5900
    -0.0330 (-0.71%)
     

  • Nikkei

    37,552.16
    +113.55 (+0.30%)
     

  • Hang Seng

    16,828.93
    +317.24 (+1.92%)
     

  • FTSE Bursa Malaysia

    1,561.64
    +2.05 (+0.13%)
     

  • Jakarta Composite Index

    7,110.81
    +36.99 (+0.52%)
     

  • PSE Index

    6,506.80
    +62.72 (+0.97%)
     

Health Management holders approve sale to CHS

Health Management Associates holders approve sale to Community Health Systems

Associated Press

FRANKLIN, Tenn. (AP) -- Health Management Associates Inc. shareholders have approved the company's sale to competitor Community Health Systems.

HMA's board recommended in November that shareholders vote for the sale.

The deal values Naples, Fla.-based HMA at $13.78 per share. The companies have put the total value of the cash-and-stock transaction at $7.6 billion, including HMA's debt.

Community Health Systems Inc., which is based in Franklin, Tenn., offered to buy HMA in late June.

The transaction is expected to close before the end of the month.

Shares of Community Health Systems fell 65 cents to $42.84 in Wednesday morning trading, while HMA's stock shed 5 cents to $13.46.