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Centene relies on its Obamacare business for about 40 percent of its earnings, making it among the most vulnerable companies should the law be overturned, according to SVB Leerink analyst Ana Gupte vintage black onyx cufflinks. The combined company will have 22 million members, up from around 14 million for Centene at the end of 2018. “The more we can grow in this area, the better the recipients are, the better for the investors .. And there are other very large competitors out there,” Centene Chief Executive Michael Neidorff said on a conference call. Neidorff will remain CEO of the combined company..

It will have a Medicaid business in 22 states, covering more than 11 million lives, according to Jefferies data. That represents a more than 50 percent increase for Centene. Since the beginning of 2014, when Obamacare’s Medicaid expansion began taking effect on a significant scale, shares of both companies have surged. Centene’s shares are up around 272 percent, while WellCare shares rose around 228 percent vintage black onyx cufflinks. The two companies Medicaid businesses currently have significant overlap in Illinois, Florida, Georgia and Missouri, according to Jefferies..

The deal is expected to close in the first half of 2020, the companies said. They forecast around $500 million in cost savings from the deal in the second year after it closes. The deal, including debt, was valued at $17.3 billion vintage black onyx cufflinks. The offer price of $305.39 per share represents a premium of about 32 percent to WellCare’s closing price on Tuesday. Under its terms, WellCare shareholders will get 3.38 shares of Centene common stock and $120 for each WellCare share, giving them about 29 percent ownership of the new company..

SEOUL (Reuters) – Korean Air Lines Co Ltd shareholders removed chief executive Cho Yang-ho from its board in a landmark vote on Wednesday, making him the first founding family member of any South Korean corporate giant to be forced off a board. The vote, which ended his 27-year tenure on the board of the country’s biggest carrier, adds fresh momentum to growing shareholder activism in Asia’s fourth-biggest economy, long dominated by corporate giants accused of ignoring minority investors vintage black onyx cufflinks.

The surprise win for minority shareholders also comes after U.S. activist hedge fund Elliott Management failed last week to convince investors to support its demand for a massive special dividend and board seats at Hyundai Motor Group. “Today’s result is a wake up call that Korean Air family’s scandals starting from ‘nut rage’ have not been forgotten,” said Park Ju-gun, head of corporate analysis firm CEO Score. “Although Cho doesn’t seem to lose a lot of his power without a board membership, it hits his image, and his family will behave much more carefully now that he realizes there are people checking on him and his management.” vintage black onyx cufflinks.