Teladoc Health Merging with Livongo Health in Deal Worth $18.5 Billion
The virtual care field got a little smaller on Wednesday morning. Teladoc Health (NYSE: TDOC) will acquire Livongo Health (NASDAQ: LVGO) for a combination of cash and stock that adds up to $18.5 billion based on Teladoc's closing price on Tuesday.
Under the terms of the deal, which has been approved by both company's boards, investors will receive 0.592 shares of Teladoc Health plus $11.33 in cash for each share of Livongo they hold. Once the acquisition is complete, Livongo's former shareholders will hold around 42% of the new company's total shares outstanding.
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Source Fool.com
