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Humana Won’t Make An Offer For Centene

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Courtesy of Benzinga.

Humana Won't Make An Offer For Centene

Health insurer Humana (NYSE: HUM) confirmed it will not make a proposal to combine with Centene (NYSE: CNC) as an alternative to Centene’s planned acquisition of WellCare Health Plans (NYSE: WCG), according to Reuters.

Investors had been expecting Humana to make an offer for Centene.

Centene and WellCare have set a date of June 24 for shareholders of each company to approve of their merger at separate meetings.

Humana was trading up 3.7 percent at $254 per share Monday morning.

Centene shares were trading down 9 percent at $52.85.

WellCare shares were trading up 1.2 percent at $279.50.

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Posted-In: M&A News Health Care General Best of Benzinga

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