Tenet (NYSE:THC) Looking for More from Community Health (NYSE:CYH)

With the strong probability Community Health Systems Inc. (NYSE:CYH) up their bid for Tenet Healthcare Corp. (NYSE:THC) if they they want to close the deal, shares are trading down today, as are shares of Tenet.

Shares in both companies soared on Friday on the news of the potential takeover, and a pullback isn't surprising, as expectations for most deals are the first bid won't be the highest or the last.

Analysts have recommended acquiring more shares of Tenet because of what is expected to be an inevitable higher offer. It's a matter of how high the next offer will be, not if there will be an offer, in most of those watching the situation unfold.

Community offered a bid for the company of $7.3 billion, which placed a price on Tenet of $6 a share.

It is thought that Community will make an additional bid or a competitor will step in to snap up the company. Either way, shareholders will win, depending on what level they get into the stock.