HMA's New Board Hires Bankers To Review $7.6B Deal

Law360, New York (September 25, 2013, 10:10 AM EDT) -- Health Management Associates Inc.'s new board, installed last month in a hedge fund coup, on Wednesday hired new bankers to review a $7.6 billion merger with a fellow hospital operator, a first step toward possibly scuttling the deal.

If Lazard or UBS Securities LLC find that the deal isn't fair — reaching a different conclusion than Morgan Stanley did in July, when it was reporting to the old HMA board — HMA's board can change its recommendation, a move that would allow Community Health Systems Inc....
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