RTTNews | Aug 4, 2021 10:20AM EDT

10:20 Wednesday, August 4, 2021 (RTTNews.com) - Shares of Change Healthcare Inc. (CHNG) are slipping over 4% on Wednesday morning on reports that the U.S. Department of Justice is considering to file a lawsuit to block the company's takeover by UnitedHealth Group.

CHNG is currently trading at $21.02, down $0.95 or 4.32%, on the Nasdaq, on a volume of 4.3 million shares, far above the three month average volume of 1.7 million shares. The stock has traded between $12.05 and $24.21 in the 52 week period.

The Information reported that the DoJ is mulling to block UnitedHealth's $8 billion takeover of Change Healthcare. The regulator in recent weeks has reached out to private attorneys outside the department about possibly leading the litigation to block the deal.

UnitedHealth agreed to buy Change Healthcare in January for $7.84 billion in an all-cash deal. The acquisition is expected to close in the second half of 2021.

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