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billion to help pay for its ’es drug benefits division. Express Scripts said it woulf grant the underwriters an optioh for 30 days to purchase upto 3.45 millio n additional shares of common stock to cover any which would then increase the total raised to $1.6 Express Scripts said it plans to buy WellPoint’sz subsidiary using a mixture of $3.27 billiohn in cash and $1.4 billio n in shares of common stock. Undert the acquisition agreement, Express Scriptsz may also choose to deliver toWellPoint $1.
4 billion in Express Scripts plans to sell bondsa in the near term as part of its plan to finance the The acquisition is expected to close in the late third quarterd or fourth quarter of 2009. Bel-Ridge, Mo.-based Express Scripts ESRX) is a pharmacy benefits manager that administerx prescription drug programs forhealth plans, government and corporations.
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