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Express Scripts, Inc.
Express Scripts Launches Senior Notes Offering to Finance Acquisition
June 20th, 2009
Express Scripts, Inc. (NASDAQ: ESRX) announced that it is commencing a public offering of senior notes of a benchmark size pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission ("SEC"). The Company intends to use the net proceeds from this offering of senior notes, along with the net proceeds from its previously announced public offering of 23,000,000 shares of its common stock (or 26,450,000 shares if the underwriters exercise their option to purchase additional shares in full), to pay a portion of the $4.675 billion purchase price for the previously announced acquisition of WellPoint's pharmacy benefit management business. The acquisition...
Source: Law & Health Weekly (2009-06-20)
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