Tuesday, July 16, 2024
Home Stock Analysis New Mountain announces failure to reach agreement with TCP-ASC, R1 RCM to be discontinued

New Mountain announces failure to reach agreement with TCP-ASC, R1 RCM to be discontinued

by xyonent
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R1 RCM (Nasdaq:RCM) Falling 9.2% The shares fell in after-hours trading after New Mountain Capital announced it was no longer interested in pursuing a joint proposal with TCP-ASC.

New Mountain and TCP-ASC have been in discussions and conducting mutual due diligence regarding a possible joint acquisition.RCM

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