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Oxford Health Plans' Stock Climbs 15 Percent on WellChoice Acquisition News.
Knight Ridder/Tribune Business News, April, 2004
By Diane Levick, The Hartford Courant, Conn. Knight Ridder/Tribune Business News
Apr. 6--Oxford Health Plans, seen as up for grabs since a successful turnaround, saw its stock soar 15.2 percent on news Monday that the company might be acquired by New York's WellChoice Inc.
Trumbull-based Oxford and WellChoice, parent of Empire Blue Cross and Blue Shield, have been in talks for months on a possible all-stock deal, the Wall Street Journal reported Monday.
Neither company would comment, and the Journal noted that the talks could still fall apart. The paper said WellChoice was considering a 25 percent premium for Oxford shares, but that could be affected by recent upticks in Oxford's stock price.
Oxford's stock jumped to its...
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