WellPoint to Buy WellChoice

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WellPoint Inc., the nation’s largest health insurer, announced an agreement Tuesday to buy WellChoice Inc., an insurer with about 5 million customers in New York and New Jersey, for about $6.5 billion in cash and stock.


WellPoint said it would pay $77.23 in cash and stock per WellChoice share, a 9.4 percent premium to WellChoice’s closing price Monday. Together, WellPoint and WellChoice will serve more than 33 million members in 14 states, the companies said.


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