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Stock impact report

UPDATE 1-Humana says will not bid for Centene Corp [Reuters]

Centene Corporation (CNC) 
Last centene corporation earnings: 4/28 06:00 am Check Earnings Report
US:NYSE Investor Relations: centene.com/investors.html
Company Research Source: Reuters
Humana says will not bid for Centene Corp (Reuters) - Humana Inc said on Monday it would not make a proposal to combine with Centene Corp, which in March agreed to buy WellCare Health Plans Inc for $15.27 billion. Centene shares fell nearly 4% to $55.50 in light trading before the bell. In a statement here Last month Reuters reported hedge funds Corvex Management LP and Sachem Head Capital Management LP had built stakes in Centene and were exploring challenging its acquisition of WellCare. Some shareholders of Centene had hoped a rival insurer like Humana would step in to buy the company. An acquisition of Centene would have given Humana control over the largest Medicaid managed care organization in the country and its extensive portfolio of Medicare Advantage customers. Reporting by Tamara Mathias in Bengaluru; Editing by Shinjini Ganguli Our Standards: The Thomson Reuters Trust Principles. Show less Read more
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