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Tenet rebuffs CHS’ $7.3 billion offer
Los Angeles Business Journal

Tenet Healthcare Corp.’s stock jumped 51 percent Friday morning after the company rejected an acquisition offer from Community Health Systems Inc. The nationwide operator of community hospitals submitted a proposal to acquire Dallas-based Tenet for $7.3 billion — $6 per share in cash and stock — in early November. Tenet’s rebuff of the offer prompted Community Health to publish a letter it wrote to Tenet online.