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WellPoint Authorizes Stock Buyback

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NU Online News Service, March 19, 2003, 11:23 a.m. EST – WellPoint Health Networks Inc., Thousand Oaks, Calif., says its board has authorized the repurchase of 5 million more shares of common stock.

The move means that the managed care company has the authority to buy back a total of 7.2 million shares.

WellPoint now has 145 million shares of common stock outstanding. Its stock has been selling for an average of about $67 per share in recent weeks.


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