Wednesday, November 28, 2012

Reuters: Regulatory News: US Justice Dept allows WellPoint-Amerigroup deal with conditions

Reuters: Regulatory News
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US Justice Dept allows WellPoint-Amerigroup deal with conditions
Nov 28th 2012, 19:05

WASHINGTON | Wed Nov 28, 2012 2:05pm EST

WASHINGTON Nov 28 (Reuters) - WellPoint Inc can move forward with its $4.5 billion purchase of health insurance rival Amerigroup Corp after Amerigroup alleviated antitrust concerns by selling operations in Virginia, the U.S. Justice Department said on Wednesday.

Without the sale, the combined company would have had a monopoly in the northern Virginia suburbs outside Washington, the Justice Department said.

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