UnitedHealth Group to buy Catamaran for $12.78 bln

Mon Mar 30, 2015 6:13am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

March 30 (Reuters) - UnitedHealth Group unit OptumRx Corp agreed to buy pharmacy benefit manager Catamaran Corp in a deal worth $12.78 billion.

UnitedHealth's offer of $61.50 per share represents a premium of 27 percent to Catamaran's Friday close of $48.32 on the Nasdaq. (Reporting by Sneha Banerjee in Bengaluru; Editing by Savio D'Souza)