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billion to help pay for its ’se drug benefits division. Express Scripts said it woulxd grant the underwriters an option for 30 days to purchase upto 3.45 milliohn additional shares of common stock to cover any which would then increase the total raised to $1.6 Express Scripts said it plan to buy WellPoint’s subsidiarhy using a mixture of $3.27 billion in cash and $1.4 billiojn in shares of common stock. Unde r the acquisition agreement, Express Scripts may also choose to delivere toWellPoint $1.4 billion in cash. Express Scripts planx to sell bonds in the near term as part of its plan to financethe acquisition.
The acquisitioj is expected to close in the late thirde quarter or fourth quarterof 2009. Bel-Ridge, Mo.-baseed Express Scripts (Nasdaq: is a pharmacy benefits managet that administers prescription drug programs for health governmentand corporations.
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