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Oxford Health Stock Rises on Takeover Rumor for Trumbull, Conn., Insurer.
Knight Ridder/Tribune Business News, January, 2004
The Hartford Courant, Conn. Knight Ridder/Tribune Business News
Jan. 10--Oxford Health Plans Inc.'s stock jumped 4.7 percent Friday in heavy trading after the company was mentioned on CNBC on a list of potential takeover targets.
As the market plunged and other health insurers' stocks fell, Oxford closed Friday up $2.10 on market speculation, at $46.69 a share -- the stock's highest point since June 2002.
The shares traded as high as $47.84 shortly after noon on Friday.
Oxford spokespeople declined to comment on the stock's movement.
However, James J. Cramer, a RealMoney columnist who appears on CNBC, put out a commentary Friday morning saying that "massive call buying in Oxford Health signals an imminent deal for that...
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