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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.