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October 19, 2005 at 08:00 PM
The Service Employees International Union has set up a unit to campaign against efforts by WellPoint Inc. to acquire WellChoice Inc.[@@]
WellPoint, Indianapolis, has offered to pay $6.5 billion in cash and stock to acquire WellChoice, New York, through a merger.
WellPoint is the parent of many Blue Cross and Blue Shield plans, and WellChoice is the parent of Empire Blue Cross and Blue Shield, the carrier that holds the Blue Cross and Blue Shield licenses for New York City.
The SEIU, Washington, says it has started a service, WellPoint Watch, to scrutinize the WellPoint-WellChoice deal.
