Activist investor Elliott Management Corp. is pushing to take Athenahealth Inc. private, arguing the health-care software company is botching an opportunity to expand and, as a result, isn’t providing adequate returns to shareholders. Elliott, which has an 8.9% stake in Athenahealth, offered on Monday to buy the remainder of the company for $160 a share, a 27% premium to its Friday closing price. The offer values the entire company at about $6.5 billion...

Source: Wall Street Journal May 07, 2018 14:04 UTC