Daniel Loeb’s Third Point LLC has built a stake in Centene Corp. and wants the health insurer to consider selling itself before spending $15.3 billion on its deal to purchase WellCare Health Plans Inc., according to people familiar with the matter.
While it isn’t clear exactly how big Third Point’s stake is, it owns at least $300 million in Centene shares, one of the people said. And with derivatives, the hedge fund could have significantly more exposure to Centene’s stock-price movement. Centene’s market value is roughly...
Sorry you can’t be both a serious business source and a source for the GOP to spread their political message. Pick one.
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