Tenet Healthcare (THC) rejects a third buyout proposal from Community Health Systems (CYH), at...

|About: Tenet Healthcare Corporation (THC)|By:, SA News Editor

Tenet Healthcare (THC) rejects a third buyout proposal from Community Health Systems (CYH), at $7.25/share, saying that the $3.52B offer undervalues the company. Additionally, Tenet authorizes a $400M stock repurchase program. THC -2%, CYH +3.2% premarket. (PR)