Amerigroup Investors OK Contested $5B Wellpoint Merger

Law360, New York (October 24, 2012, 11:52 AM EDT) -- Health insurer Amerigroup Corp. notched shareholder approval Tuesday for its $4.9 billion sale to rival WellPoint Inc. in a vote that had previously been postponed over investors' concerns that the buyout terms shortchanged them.

The delayed vote was part of a broader agreement to resolve a suit brought by Amerigroup shareholders who accused the company's directors and its financial adviser, Goldman Sachs Group Inc., of rebuffing other, more lucrative offers in favor of their own interests.

Of the investors that cast ballots in Wednesday's vote, more...
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