Friday, Centene Corp. (CNC) priced its previously announced follow-on public offering of 5 million shares of its common stock at a public offering price of $19.25 per share. The company granted the underwriters a 30-day option to purchase up to an additional 750,000 shares at the public offering price to cover any over-allotments. The offering is scheduled to close on January 27, 2010.
The company intends to use the net proceeds of the offering to repay the outstanding indebtedness under its $300 million revolving credit facility and for general corporate purposes, which may include acquisitions, capital expenditures and additions to working capital.
Centene Corp. operates as a multiline healthcare company in the United States. It operates through two segments, Medicaid Managed Care and Specialty Services.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.