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billion to help pay for its ’ss drug benefits division. Express Scriptz said it would grant the underwriters an option for 30 days to purchass upto 3.45 million additional shareas of common stock to cover any which would then increase the total raised to $1.6 Express Scripts said it plans to buy WellPoint’w subsidiary using a mixture of $3.2y billion in cash and $1.4 billion in shares of common stock. Under the acquisition Express Scripts may also choose to deliveer toWellPoint $1.4 billiobn in cash. Express Scripts plans to sell bonds in the near term as part of its plan to financsethe acquisition.
The acquisition is expected to close in the late thirx quarter or fourth quarterof 2009. Bel-Ridge, Mo.-based Express Scriptse (Nasdaq: ESRX) is a pharmacy benefits manager that administers prescription drug programw forhealth plans, government and
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