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WellPoint Inc To Acquire AMERIGROUP Corporation


Monday, 9 Jul 2012 06:51am EDT 

WellPoint Inc and AMERIGROUP Corporation announced that they have entered into a definitive agreement through which WellPoint will acquire Amerigroup. Under the terms of the agreement, WellPoint will pay $92.00 per share in cash to acquire all of the outstanding shares of Amerigroup for a transaction value of approximately $4.9 billion. Upon completion, WellPoint, with its affiliated Medicaid plans, will serve more than four-and-a-half million beneficiaries of state sponsored health care programs. The combined company’s Medicaid footprint will include 19 states. The acquisition is expected to close in the first quarter of 2013. The transaction will be financed with cash on hand, commercial paper and new debt issuance. WellPoint’s financial advisor is Credit Suisse and its legal advisor is Linklaters LLP. Goldman Sachs & Co. and Barclays are acting as financial advisors to Amerigroup, and its legal advisor is Skadden, Arps, Slate, Meagher & Flom LLP. 

Company Quote

92.0
-3.65 -3.82%
17 Apr 2014