Tenet Healthcare (THC) soars premarket after Community Health Services' (CYH) unsolicited $7.3B...

|About: Community Health Systems, Inc. (CYH)|By:, SA News Editor

Tenet Healthcare (THC) soars premarket after Community Health Services' (CYH) unsolicited $7.3B bid for the company, but THC's board is cool to the deal, calling it an "opportunistic" bid that "grossly undervalues Tenet and fails to reflect Tenet's prospects for continued growth and shareholder value creation." THC +49.9%, CYH -4.9% premarket.