HenryTo
Site Admin
Joined: 06 Aug 2004
Posts: 7688
Location: Houston, Texas & Los Angeles, California
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 Posted: Wed Jul 06, 2005 1:44 pm Post subject: UnitedHealth to buy PacifiCare in $8.1B deal |
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The acquistion deals continue... At some point, this $2.2 billion in cash will be bullish for stock market liquidity. In the meantime, we will continue to be neutral.
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Market Pulse: UnitedHealth to buy PacifiCare in $8.1B deal
Wednesday July 6, 3:18 pm ET
By Carolyn Pritchard
SAN FRANCISCO (MarketWatch) -- PacifiCare Health Systems Inc. said Wednesday that it has agreed to be acquired by UnitedHealth Group in a cash and stock deal worth $8.1 billion. Under the terms of the deal, PacifiCare shareholders will receive UnitedHealth Group stock at a fixed exchange ratio of 1.1 shares for each PacifiCare share, plus $21.50 in cash for each PacifiCare share. The total consideration is a combination of 111.6 million shares and $2.2 billion in cash. Upon completion, PacifiCare will operate as a wholly owned subsidiary of UnitedHealthcare. The deal remains subject to approval by PacifiCare shareholders and regulators as well as other customary closing conditions. |
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