Bear, Stearns & Co. Inc. To Advise Blue Cross & Blue Shield United of Wisconsin In Blue Cross Merger Negotiations.Business Editors, Health/Medical Writers MILWAUKEE--(BW HealthWire)--Oct. 5, 2000 Bear, Stearns & Co. Inc., an investment banking firm headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , has been selected by the Special Committee of the Blue Cross & Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. United of Wisconsin Board of Directors to provide assistance in the merger negotiations with United Wisconsin Services, Inc. Blue Cross & Blue Shield United of Wisconsin announced last year that it intends to convert to a stock company and merge with United Wisconsin Services (NYSE NYSE See: New York Stock Exchange :UWZ). The two boards of directors have appointed special committees to negotiate the terms of the merger. Blue Cross & Blue Shield United of Wisconsin, Wisconsin's largest insurer, owns approximately 46 percent of the outstanding common stock of United Wisconsin Services, which provides health care management services to 2.0 million people in 49 states. Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. was engaged by the Special Committee to provide advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , including general business and financial analysis, to assist in negotiations and related strategy, and to assist in corporate planning and risk management related to the proposed merger. Bear Stearns provides assistance to businesses world-wide with corporate finance, mergers and acquisitions, equity and fixed-income sales and trading, private client services, derivatives, securities research, asset management, foreign exchange, and futures sales and trading. Headquartered in Milwaukee, the Wisconsin Blue Cross plan operates regional service centers throughout the state. The company's Internet address There are two kinds of addresses that are widely used on the Internet. One is a person's e-mail address, and the other is the address of a Web site, which is known as a URL. Following is an explanation of Internet e-mail addresses only. For more on URLs, see URL and Internet domain name. is www.bluecrosswisconsin.com Founded in 1923, Bear, Stearns & Co. Inc. is a leading worldwide investment banking and securities trading and brokerage firm, and the major subsidiary of The Bear Stearns Companies Inc. (NYSE:BSC (Binary Synchronous Communications) See bisync. ). With approximately $24.6 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales, trading and research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers global clearing services to broker dealers, prime broker clients and other professional traders, including securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. . Headquartered in New York City, the company has more than 10,800 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, San Francisco and San Juan; and an international presence in Beijing, Buenos Aires, Dublin, Hong Kong. London, Lugano, Sao Paulo, Seoul, Shanghai, Singapore and Tokyo. For additional information about Bear Stearns, please visit the firm's Web site at http://www.bearstearns.com. |
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