"Managed Care Update"

WellPoint Health Networks Offers To Buy Aetna For $10.5 Billion

Unsolicited tender includes Dutch insurer, catches Aetna in the midst of a CEO transition

TAKING ADVANTAGE of a weak share price for Aetna, Inc., two major corporations sent an unsolicited tender offer to the Aetna board.

The joint bid was submitted by WellPoint Health Insurance Networks Inc. of Thousand Oaks, California, and ING Group NV, a Dutch insurance company. The bid was proffered to Aetna on March 1.

The two companies

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