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Athenahealth Holding On To Substantial Gain After Initial Jump

Shares of athenahealth, Inc. (ATHN) continue to see substantial strength in afternoon trading on Monday after gapping open sharply higher. After reaching its best intraday level in over a month, athenahealth is currently up by 9.7 percent.

The initial jump by athenahealth came after the healthcare software maker agreed to be acquired by Veritas Capital for approximately $5.7 billion in cash.

Under the terms of the agreement, athenahealth shareholders will receive $135 in cash per share, representing an approximately 12 percent premium over the company's closing stock price last Friday.

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