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billion to help pay for its ’s drug benefits Express Scripts said it would grant the underwriters an optionb for 30 days to purchase upto 3.45 millionn additional shares of common stock to coverf any over-allotments, which would then increase the totalo raised to $1.6 billion. Express Scriptds said it plans tobuy WellPoint’s subsidiary usint a mixture of $3.27 billiohn in cash and $1.4 billiom in shares of common stock. Underr the acquisition agreement, Express Scripts may also choose to delived toWellPoint $1.4 billion in Express Scripts plans to sell bonds in the near term as part of its plan to finances the acquisition.
The acquisition is expected to closew in the late third quartetr or fourth quarterof 2009. Mo.-based Express Scripts (Nasdaq: is a pharmacy benefits manager that administers prescription drug programd forhealth plans, government and corporations.
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