Announced
Financials
Sources
Tags
Outsourced HR and Staffing
United States
employee beneftis
Acquisition
consumer directed benefits
Public
Synopsis
HealthEquity, a non-bank health savings trustee, made an unsolicited, non-binding proposal to acquire WageWorks, a leader in administering Consumer-Directed Benefits, for $2bn. The $50 per share offer represents a 17.3% premium to WageWorks’ last close. “The WageWorks Board of Directors, in consultation with its financial and legal advisors, will continue to carefully review the proposal,” WageWorks said in a statement.
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