Amerigroup Shares Surge In Pre-Market Trading On Acquisition News

by Lisa Levin, Benzinga Editor
July 9, 2012 8:36 AM | 20 seconds read |
Shares of AMERIGROUP AGP jumped more than 39% in pre-market trading after WellPoint WLP announced its plans to buy Amerigroup for around $4.46 billion in cash. WellPoint will pay $92 for each Amerigroup share, representing a 43% premium over the company's closing price of $64.34 on Friday. AMERIGROUP shares jumped 39.26% to $89.60 in the pre-market session.
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