Printer Friendly

2,500,000 SHARES OF UNITED HEALTHCARE STOCK PRICED AT $81 PER SHARE

2,500,000 SHARES OF UNITED HEALTHCARE STOCK PRICED AT $81 PER SHARE
 MINNEAPOLIS, Feb. 28 /PRNewswire/ -- United HealthCare Corporation (NYSE: UNH) today announced the offering of 2.5 million shares of common stock at a price of $81 per share.
 Goldman, Sachs & Co. and its international affiliate are the lead managers of both the U.S. offering of 2 million shares and the concurrent international offering of 500,000 shares, with Alex. Brown & Sons Incorporated and Piper, Jaffray & Hopwood Incorporated and their international affiliates acting as co-managers of both offerings. The net proceeds to the company from the offering will be used for additional working capital and other general purposes, including internal development and possible future acquisitions.
 United HealthCare Corporation is a national leader in health care management, serving both the providers and purchasers of health care since 1974. The company's services include HMOs, PPOs, multiple option and point of service plans, pharmaceutical cost management, managed mental health and substance abuse services, utilization management, workers compensation/casualty services, specialized provider networks, employee assistance services, Medicare and managed care programs for the aged, health care evaluation services, information systems and administrative services.
 -0- 2/28/92
 /CONTACT: David P. Koppe, 612-939-7760, or Noreen L. Conway, 612-936-1125, both of United HealthCare/
 (UNH) CO: United HealthCare Corporation ST: Minnesota IN: INS SU: OFR


AL -- MN002 -- 3589 02/28/92 08:57 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 28, 1992
Words:230
Previous Article:CCPR ANNOUNCES AGREEMENT TO ACQUIRE ADDITIONAL INTERESTS IN SAN JUAN CELLULAR TELEPHONE AND THE ISSUANCE OF ADDITIONAL SHARES OF CCPR
Next Article:WAVERLY GROUP TO PURCHASE MIDWEST LODGING PROPERTIES
Topics:


Related Articles
UNITED HEALTHCARE FILES FOR COMMON STOCK OFFERING
UNITED HEALTHCARE REPORTS 51 PERCENT EARNINGS INCREASE OVER YEAR-AGO SECOND QUARTER
THE ALDEN PRESS COMPANY OFFERS 2,500,000 COMMON SHARES AT $9.00 PER SHARE
TACO CABANA ANNOUNCES INITIAL PUBLIC OFFERING
SUNRISE MEDICAL ANNOUNCES PUBLIC OFFERING OF 3 MILLION PRIMARY SHARES AT $28-3/8 PER SHARE
CARSON GOLD ANNOUNCES PRIVATE PLACEMENT OF UP TO 3 MILLION UNITS; VENEZUELAN GOLDFIELDS LTD. TO BECOME FINANCIAL AND TECHNICAL ADVISER
UNDERWRITERS OFFER 2,500,000 SHARES OF COMMON STOCK OF THE AES CORPORATION AT $28.875 PER SHARE
Claimsnet.com inc. Commences Initial Public Offering of 2.5 Million Shares of Common Stock Priced at $8.00 Per Share.
Carrington Announces Closing of $5.0 Million Private Placement.
American Stock Exchange to Trade Options on Eleven PowerShares.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters