Cobalt Corporation and American Medical Security Group Announce Pricing of Secondary Offering.Business Editors MILWAUKEE--(BUSINESS WIRE)--May 30, 2002 Cobalt Corporation (NYSE NYSE See: New York Stock Exchange :CBZ) and American Medical Security Group, Inc. (NYSE:AMZ AMZ see australian Milking Zebu. )(AMS AMS - Andrew Message System ) today announced that the previously disclosed public offering of 2,610,000 shares of AMS common stock has been priced at $18.00 per share. The shares are being sold by Blue Cross & Blue Shield United of Wisconsin, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Cobalt Corporation. The underwriters have a 30-day option to purchase a maximum of 391,500 additional shares from Blue Cross & Blue Shield United of Wisconsin solely to cover over-allotments, if any. The shares are offered through underwriters led 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., Robert W. Baird Robert Wilson Baird (born April 1, 1883) helped found the financial services firm that bears his name and led it for more than 40 years. Baird’s father was a professor of Greek literature at Northwestern University in Evanston, Illinois, where Baird grew up. & Co., and Stifel, Nicolaus & Company. Copies of the final prospectus may be obtained from CIBC World Markets, 417 Fifth Ave., 2nd Floor, New York, NY 10016 (212-667-7200), Robert W. Baird & Co., 777 E. Wisconsin Ave, Suite 2800, Milwaukee, WI 53202 (414-765-3500), or Stifel, Nicolaus & Co., One Financial Plaza One Financial Plaza, also known as the Sovereign Bank Tower and formerly known as the Hospital Trust Tower, is an international-style skyscraper in the heart of downtown Providence, Rhode Island. , 501 N. Broadway, St. Louis, MO 63102 (314-342-2152). American Medical Security Group, through its operating subsidiaries, markets health care benefits and insurance products to small businesses, families and individuals. Insurance products of American Medical Security Group are underwritten by United Wisconsin Life Insurance Company. The company serves customers nationwide through partnerships with professional, independent agents and quality health care providers. Cobalt Corporation is the Blue Cross and Blue Shield licensee for the state of Wisconsin. It is one of the leading, publicly traded health care companies in the nation, offering a diverse portfolio of complementary insurance and managed care products to employer, individual, insurer and government customers. Headquartered in Milwaukee and formed by the combination of Blue Cross & Blue Shield United of Wisconsin and United Wisconsin Services, Inc., Cobalt Corporation (NYSE: CBZ) serves 1.2 million lives in 50 states. For more information, visit our Web site at www.cobaltcorporation.com |
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