Amerigroup Ends $5B Wellpoint Deal Suit By Delaying Vote

Law360, New York (October 3, 2012, 3:58 PM EDT) -- Amerigroup Corp. will postpone an Oct. 9 shareholder vote on its proposed $4.9 billion sale to rival Wellpoint Inc. in order to resolve investors' allegations that the buyout cheats them, according to a Tuesday filing that came days after the company unloaded a subsidiary to quell antitrust concerns.

The shareholder vote is now set for Oct. 23, according to the filing, made with the U.S. Securities and Exchange Commission. A delayed meeting is part of a broader agreement, inked Tuesday, between Amerigroup and a group of...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.