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Stock Market & Financial Investment News

News Breaks
November 28, 2012
14:00 EDTWLP, AGPAmerigroup sale of subsidiary addresses DOJ concerns over WellPoint acquisition
The Department of Justice announced that Amerigroup's (AGP) sale of its subsidiary, Amerigroup Virginia, addresses the department’s concerns with WellPoint's (WLP) proposed acquisition of Amerigroup. The department said that the merger, as originally proposed, would have substantially lessened competition in the provision of Medicaid managed care plans in Northern Virginia. Amerigroup has agreed to sell Amerigroup Virginia to the Inova Health System Foundation. The department closed its investigation of the sale of Amerigroup Virginia to the Inova Health System Foundation, allowing the parties to proceed to consummate their transaction. Without the divestiture, WellPoint’s proposed acquisition of Amerigroup would result in a merger to monopoly in Medicaid managed care in Arlington, Culpeper, Fairfax, Fauquier, Frederick, Loudon, Prince William, Rappahannock and Warren counties, plus the cities of Alexandria, Falls Church, Fairfax and Manassas Park. Reference Link
News For WLP;AGP From The Last 14 Days
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September 30, 2014
07:48 EDTWLPLeerink to hold a roundtable
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September 24, 2014
06:45 EDTAGP, WLPGovernment says more health insurers to enter exchanges in 2015, NY Times says
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September 22, 2014
10:15 EDTWLPOn The Fly: Analyst Upgrade Summary
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09:02 EDTWLPWellPoint upgraded to Buy from Neutral at BofA/Merrill
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September 19, 2014
06:49 EDTAGP, WLPGovernment says 7.3M in private Obamacare plans, NY Times reports
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September 17, 2014
15:41 EDTWLPUnitedHealth to replace WellPoint as Georgia SHBP provider, says Deutsche Bank
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14:43 EDTWLPUnitedHealth to replace WellPoint as Georgia SHBP provider, says Deutsche Bank
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