|
|
Article: WellPoint Health Networks and Cobalt Corporation Receive Approval of Wisconsin Office of Commissioner of Insurance and Blue Cross Blue Shield Association.
- Article from:
- Business Wire
- Article date:
- September 19, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors/Health/Medical Writers
THOUSAND OAKS, Calif. & MILWAUKEE--(BUSINESS WIRE)--Sept. 19, 2003
WellPoint Health Networks Inc. (NYSE:WLP) and Cobalt Corporation (NYSE:CBZ) today announced that the Wisconsin Office of the Commissioner of Insurance (the "OCI") has issued an order approving their proposed merger. Approval has also been received from the Blue Cross Blue Shield Association in Chicago.
Under the Merger Agreement signed by the two companies in June 2003, and under Wisconsin State law, approval of the OCI is a condition to completion of the transaction. In addition, among other approvals, the stockholders of Cobalt must ...