NU Online News Service, Jan. 13, 2005, 5:52 p.m. EST
A Bethesda, Md., managed care company has agreed to give investors more information about a proposed acquisition.[@@]
Coventry Health Care Inc., Bethesda, Md., says it is willing to provide more information about the interests of “certain persons” in its efforts to acquire First Health Group Corp., Downers Grove, Ill., for $1.8 billion in cash and stock.
Coventry also has agreed to provide additional information about the opinion of First Health’s financial advisor and a comparison of the rights of shareholders of Coventry and the shareholders of First Health.
The agreement is subject to approval by a state court in Chicago.