Diamonds and Dogs
Tenet Healthcare (THC) up on takeover talks. The Dallas-based healthcare services provider is up 4% on news the company was exploring options related to its future, including the possible sale of the company. Tenet announced last month that it would replace chairman and CEO Trevor Fetter as director and CEO amid pressure from Glenview Capital Management, an activist investor who owns a 17.8% stake in the company. Tenet Healthcare -- one of the nation's largest providers of medical care – may get several bidders.
Equifax (EFX) goes from bad to worse. The data breach at Equifax, that exposed the personal information of 143 million people, is now getting investigated by the FTC. The credit reporting company said in an updated post on its website that the breach, which it identified internally in late-July and disclosed to the public last week, was the result of criminals exploiting a vulnerability in a website application called Apache Struts. Apache responded saying Equifax was lapse on updating their software. The good news is a number of insiders were able to sell shares before they went public with the information. Congress will investigate possible insider trading for those involved.