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(Bloomberg) — Shares of the health insurer Humana Inc. rose after a report that the company hired Goldman Sachs Group Inc. to sell itself.

Humana rose 16 percent to $206.70 at 1:32 p.m. in New York, the stock’s biggest intraday gain since 1999. The Wall Street Journal reported Friday that the company had hired the bank after being approached about a takeover, citing people familiar with the matter.

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