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Stock Market & Financial Investment News

News Breaks
January 22, 2013
09:04 EDTAET, WCGWellCare to acquire Aetna's Missouri care, terms not disclosed
WellCare (WCG) announced that it has entered into an agreement to acquire Missouri Care, a subsidiary of Aetna (AET). WellCare anticipates that the transaction will close in the next 90 days. Because WellCare has not provided financial guidance for 2013 at this time, the company is not providing financial information regarding the Missouri Care transaction or its potential impact on 2013 financial results.
News For WCG;AET From The Last 14 Days
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April 13, 2015
10:58 EDTAET, WCGCigna, Humana seen as potential takeover targets in Managed Care space
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07:33 EDTAET, WCGJefferies sees low probability of WellCare, Centene buyouts
After running several acquisition scenarios for the Managed Care space, Jefferies says potential takeovers of WellCare (WCG) and Centene (CNC) are "hard to justify." The firm estimates acquirers will only be able to generate 1%-3% accretion from buying either company at a 20% premium to current share prices. The deal that makes the most financial sense is Aetna (AET) buying Cigna (CI), Jefferies says today in a note to investors. Also financially attractive would be a buyout of Humana (HUM) by either Anthem (ANTM) or Aetna, the firm adds. After analyzing the Managed Care space, it upgraded this morning shares of UnitedHealth (UNH) to Buy from Hold with a $141 price target. Jefferies also has Buy ratings on Aetna, Anthem, Health Net (HNT) and Molina Healthcare (MOH).

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