Why Diplomat Pharmacy Crashed (for a Final Time?) Today

Shares of Diplomat Pharmacy (NYSE: DPLO) were down 32% at 11:44 a.m. EST today after the company announced that it's being acquired by OptumRx, UnitedHealth Group's (NYSE: UNH) pharmacy-care services division.

You read that right: The company is being acquired, and shares went down. The takeout at $4 per share was substantially below the $5.81 that Diplomat Pharmacy closed at on Friday.

Image source: Getty Images.

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Source Fool.com