Centene offering $2.6 billion in stock to help finance acquisition

Centene will offer $2.6 billion in common stock to help finance its $3.75 billion acquisition of Fidelis Care.

The Clayton-based health insurer announced the move in a filing Monday with the Securities and Exchange Commission.

The deal, first announced last September, would give Centene a leading position in the four states with the largest Medicaid enrollment — California, Florida, New York and Texas.

The offering will be led by Barclays, Citigroup, Wells Fargo Securities, Evercore ISI and SunTrust Robinson Humphrey.

Read more: St. Louis Post-Dispatch, St. Louis Business Journal

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