UnitedHealth Group to buy Catamaran for about $12.8 billion

Catamaran, formed from the merger of SXC Health Solutions and PBM Catalyst Health Solutions in 2012, helps the administrators of group healthcare plans reduce their prescription drug costs. UnitedHealth's offer of $61.50 per share represents a premium of 27 percent to Catamaran's Friday close on the Nasdaq. Catamaran's stock was trading at $60.50 premarket on Monday, while UnitedHealth's was up nearly 3 percent.

from Business News Headlines - Yahoo! News http://ift.tt/1xOEP8z

via IFTTT