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.
NOT FOR REPRINT
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.