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CHS, Tenet remain at odds regarding takeover
Modern Healthcare

Community Health Systems and Tenet Healthcare Corp. remain stalemated over Community’s unsolicited offer to buy Tenet, as the CEOs of both companies said during conference calls today. Both companies also reported higher earnings for the fourth quarter.

The board and management of Dallas-based Tenet continues to believe that Community’s $7.3 billion offer, consisting of $3.3 billion in stock and cash and assumption of $4 billion in debt, grossly undervalues the company, said Trevor Fetter, Tenet’s president and CEO.