By Denny Jacob
Cano Health Inc. shares soared 42% to $8.93 after The Wall Street Journal reported that Humana Inc. and other possible buyers are circling the company.
Trading was paused for volatility at 3:16 p.m. EDT and resumed seven minutes later.
The talks are serious and a deal to purchase Cano could be struck in the next several weeks, assuming the negotiations don't fall apart, the Journal reported. Miami-based Cano operates primary-care centers in California, Florida, Nevada, New Mexico, Texas, Illinois, New York, New Jersey and Puerto Rico.
Humana Inc. shares edged up 1.5% to $498.08.
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(END) Dow Jones Newswires