PacifiCare to Repurchase 750,000 Shares
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Santa Ana managed care company PacifiCare Health Systems Inc. said that its majority shareholder has elected to sell back to the company 750,000 shares of stock at $59.82 each. UniHealth Foundation will continue to own a 15.9% stake in the company, which represents about 5.4 million shares. Separately, UniHealth Chairman and Chief Executive David R. Carpenter resigned from PacifiCare’s board.
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