AREX Capital Expresses Disappointment in Enhabit’s Strategic Review Conclusion
Enhabit, Inc. (EHAB)
Company Research
Source: GlobeNewswire
Believes Enhabit’s Shares Do Not Reflect its Intrinsic Value or Strategic Potential Has Nominated Seven Highly Qualified Independent Directors Believes AREX Slate Would Provide Board With Sorely Needed Home Health and Hospice Expertise NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- AREX Capital Management, LP (“AREX Capital Management” or “we”), together with its affiliates, the owners of approximately 4.8% of the shares of Enhabit, Inc. (NYSE: EHAB) (the “Company” or “Enhabit”), today issued the below statement expressing its disappointment in the conclusion of Enhabit’s strategic review. “We are disappointed that Enhabit’s strategic review process has concluded without a sale of the Company. We do not believe that this failure reflects Enhabit’s intrinsic value or strategic potential. Rather, this failure lies with Enhabit’s Board. In March, we nominated a slate of seven highly qualified candidates to stand for election at the 2024 Annual Meeting. We chose not to publicly disclose
Show less
Read more
Impact Snapshot
Event Time:
EHAB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
EHAB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
EHAB alerts
High impacting Enhabit, Inc. news events
Weekly update
A roundup of the hottest topics
EHAB
News
- Enhabit Demonstrates Progress to Stabilize Business and Position Company for Profitable Growth [Yahoo! Finance]Yahoo! Finance
- Enhabit Demonstrates Progress to Stabilize Business and Position Company for Profitable GrowthBusiness Wire
- Enhabit's (NYSE:EHAB) Returns On Capital Tell Us There Is Reason To Feel Uneasy [Yahoo! Finance]Yahoo! Finance
- AREX Capital Sets the Record Straight Regarding Enhabit's Misleading Assertions [Yahoo! Finance]Yahoo! Finance
- AREX Capital Sets the Record Straight Regarding Enhabit’s Misleading AssertionsBusiness Wire
EHAB
Earnings
- 5/8/24 - Beat
EHAB
Sec Filings
- 6/24/24 - Form DEFA14A
- 6/18/24 - Form DEFA14A
- 6/17/24 - Form DFAN14A
- EHAB's page on the SEC website