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WellPoint buying Amerigroup for about $4.46B
The Mercury News

WellPoint Inc. will spend about $4.46 billion for Medicaid coverage provider Amerigroup Corp. in a deal that more than doubles the health insurer’s enrollment in a market segment poised for expansion. WellPoint, the nation’s second-largest insurer, said Monday that it will pay $92 in cash for each share of Virginia Beach, Va.-based Amerigroup, which runs Medicaid coverage in 13 states, including Texas, Florida and New York. That price represents a 43 percent premium to Amerigroup’s closing price Friday of $64.34.

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