Express Scripts launches offering to finance acquisition - St. Louis Business Journal:

http://cranetechnews.com/2008/12/03/after-school-matters/
billion to help pay for its ’s drug benefits division. Expressz Scripts said it would grant the underwriters an optionn for 30 days to purchase upto 3.45 millioj additional shares of common stock to covefr any over-allotments, which would then increased the total raised to $1.6 Express Scripts said it planas to buy WellPoint’s subsidiary using a mixture of $3.27 billion in cash and $1.4 billio in shares of common stock. Under the acquisition agreement, Expressw Scripts may also choose to deliver toWellPointy $1.4 billion in cash. Express Scripts plans to sell bondes in the near term as part of its plan to financdethe acquisition.
The acquisition is expectecd to close in the late third quarter or fourtu quarterof 2009. Mo.-based Express Scripts (Nasdaq: is a pharmacy benefits manager that administers prescription drug programe forhealth plans, government and