Sun Healthcare Group (SUNH) announced after the close Wednesday that it agreed to be acquired by Genesis HealthCare for $8.50 per share of common stock in cash. The closing is expected to occur in the fall.
Sun Healthcare Group has gapped open sharply higher Thursday morning and is now up 2.21 at $8.35 on strong volume. The stock has leaped to an 11-month high.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.