July 12, 2020 / 11:35 PM / 24 days ago

Churchill Capital and MultiPlan merging in $11 bln deal

July 12 (Reuters) - Churchill Capital Corp III and U.S. healthcare-services company MultiPlan Inc said on Sunday they have reached a definitive agreement to merge in a deal, with initial enterprise value for MultiPlan of about $11 billion.

The merged company will operate as MultiPlan and will be listed on the NYSE, the companies said in a joint statement. (Reporting by Maria Ponnezhath in Bengaluru; Editing by Muralikumar Anantharaman)

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