Minneapolis-based UnitedHealth Group Inc. (UNH) said Monday that it would purchase pharmacy benefits manager Catamaran Corp. (CTRX) in a deal valued at about $12.8 billion. Catamaran, of Schaumburg, Ill., will join UnitedHealth’s OptumRx group, which combined are expected to fulfill north of 1 billion in prescriptions in 2015. At $61.50 a share, the offer represents an about 27% premium over the $48.3 that shares of Catamaran finished at on Friday. Shares of Catamaran, listed on the Nasdaq, jumped about 24.1% Monday morning following the news, giving the target a market capitalization of nearly $12.5 billion.
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