AMERIGROUP Corporation Stock to Begin Trading On Nasdaq.Business Editors/Health & Medical Writers VIRGINIA BEACH, Va.--(BW HealthWire)--Nov. 6, 2001 AMERIGROUP Corporation (Nasdaq/NM: AMGP AMGP antimicrobial growth promoters. ) today announced that it has priced its initial public offering of 4.4 million shares of common stock at $17.00 per share. The underwriters have been given the right to purchase up to an additional 660,000 shares of common stock to cover any over-allotments. The shares will be traded on the Nasdaq National Market under the symbol "AMGP," beginning on November 6, 2001. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering of approximately $68.7 million will be used to redeem the Company's Series E mandatorily redeemable preferred stock, to repay the Company's term loan facility, and for general corporate purposes, including potential acquisitions. Banc of America Securities LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Warburg LLC serve as joint book-running managers and lead underwriters for the offering. The offering is also underwritten by CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. Corp. and Stephens Inc. AMERIGROUP Corporation, headquartered in Virginia Beach, Virginia Virginia Beach is an independent city located in the South Hampton Roads area in the Commonwealth of Virginia, on the shores of the Chesapeake Bay and the Atlantic Ocean. It is the most populous city in Virginia and the 41st largest city in the United States, with an estimated , is a multi-state managed health care company focused on serving people who receive health care benefits through state-sponsored programs including Medicaid, Children's Health Insurance Program, or CHIP, and Family Care. The Company operates in Illinois, Maryland, New Jersey, Texas and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . Copies of the prospectus relating to the offering may be obtained by contacting Banc of America Securities LLC, 600 Montgomery Street, San Francisco, Calif. 94111, (415) 627-2000, Attention: Prospectus Department or UBS Warburg LLC, 299 Park Avenue, New York, New York 10171-0026, (212) 821-3000, Attention: Prospectus Department. This Press Release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law under any such state. |
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