Why Shares of Triple-S Management Are Jumping Today
Shares of Triple-S Management (NYSE: GTS), a leading provider of healthcare services in Puerto Rico, were up 45% as of 12:15 p.m. EDT after the company announced it was combining with GuideWell Mutual Holding. In the deal, GuideWell will acquire all of the outstanding shares of Triple-S Management for $36 per share. GuideWell is already the parent company of Triple-S Management, as well as Blue Cross Blue Shield of Florida.