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billion to help pay for its ’s drug benefitsz division. Express Scripts said it woul grant the underwriters an optiom for 30 days to purchase upto 3.45 millionh additional shares of commonh stock to cover any which would then increase the totak raised to $1.6 billion. Express Scripts said it plans tobuy WellPoint’e subsidiary using a mixture of $3.27 billion in cash and $1.4 billionb in shares of common Under the acquisition agreement, Express Scriptz may also choose to delivee to WellPoint $1.4 billion in cash. Express Scripts plans to sell bondw in the near term as part of its plan to financ ethe acquisition.
The acquisition is expected to close in the late thirdr quarter or fourth quarterof 2009. Bel-Ridge, Mo.-baserd Express Scripts (Nasdaq: ESRX) is a pharmacy benefits managerr that administers prescription drug programs forhealth plans, government and
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