WellCare Health Plans Inc. negotiated hard before finalizing the $800 million deal to buy Universal American Corp.
WellCare (NYSE: WCG), a Tampa managed care company, would not increase its initial offer of $10 a share during talks between the companies, according to a preliminary proxy filed Wednesday by Universal American (NYSE: UAM) that gives a background of the deal.
WellCare also refused to back down from its objections to a “go-shop” provision, which would have let Universal look for…
WellCare Health Plans Inc. negotiated hard before finalizing the $800 million deal to buy Universal American Corp.
WellCare (NYSE: WCG), a Tampa managed care company, would not increase its initial offer of $10 a share during talks between the companies, according to a preliminary proxy filed Wednesday by Universal American (NYSE: UAM) that gives a background of the deal.
WellCare also refused to back down from its objections to a “go-shop” provision, which would have let Universal look for…