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UnitedHealth Group Inc to Acquire 90% Stake in Amil Participacoes SA


Monday, 8 Oct 2012 08:48am EDT 

Amil Participacoes SA (Amil) announced that UnitedHealth Group Inc intends to acquire 90% of the 359 million outstanding common shares of Amil for approximately USD 4.9 billion in cash. This includes realizable Brazilian tax benefits worth an estimated present value of USD 600 million, bringing the effective equity purchase price to approximately USD 4.3 billion. The purchase will be completed in two steps. Upon Brazilian regulatory approval, expected in the fourth quarter of 2012, UnitedHealth Group will purchase approximately 60% of the outstanding shares from controlling shareholders and management and, in the first half of 2013, will advance a tender offer to purchase approximately 30% from public shareholders. Amil’s Founder, Dr. Bueno, and his partner, Dr. Dulce Pugliese, control approximately 70% of the shares and will retain the remaining 10% for at least five years. Amil’s CEO has further committed to investing approximately USD 470 million in UnitedHealth Group shares and holding those shares for the same five year term. 

Company Quote

83.78
0.01 +0.01%
22 Aug 2014