Jefferies downgraded R1 RCM to Hold from Buy with a price target of $14.30, down from $15, after TowerBrook and CD&R entered into a definitive agreement to acquire all shares of RCM for $14.30 cash. The firm does not expect other bids, but notes that the transaction is subject to shareholder and regulatory approval.
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Read More on RCM:
- R1 RCM to be Acquired by TowerBrook and CD&R for $8.9 Billion
- RCM Technologies call volume above normal and directionally bullish
- R1 RCM Special Committee Provides Update on Evaluation of Strategic Alternatives
- R1 RCM Special Committee sets final bid deadline of July 31
- R1 RCM to Release Second Quarter 2024 Results on August 7, 2024
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