WellCare Health Plans (WCG) to Acquire Universal American (UAM) for $10/Share
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WellCare to Acquire Universal American Corp.
November 17, 2016 7:15 AM ESTTAMPA, Fla. and WHITE PLAINS, N.Y., Nov. 17, 2016 /PRNewswire/ -- WellCare Health Plans, Inc. (NYSE: WCG) and Universal American Corp. (NYSE: UAM) announced today that they have entered into a definitive agreement under which WellCare will acquire Universal American in an all cash transaction valued at $10.00 per share of common stock. This represents a 34 percent premium to Universal American's 60-day volume-weighted average closing stock price as of November 16, 2016.
WellCare expects to retire Universal American's outstanding preferred shares shortly after closing and, in connection with the merger,... More
WellCare Gives More Than $110,000 to the American Diabetes Association in Honor of American Diabetes Month
November 16, 2016 9:00 AM ESTTAMPA, Fla., Nov. 16, 2016 /PRNewswire/ -- WellCare Health Plans, Inc. (NYSE: WCG) announced today that the company's employees and the WellCare Community Foundation together gave more than $110,000 to support the 2016 American Diabetes Association's (Association) Step Out Walk to Stop Diabetes campaign in honor of American Diabetes Month this November.
The WellCare Community Foundation donated $35,000 as the presenting sponsor of the 2016... More
