8-KOther Events

UNITEDHEALTH GROUP INC 8-K Report (Dec 4, 2003)

Filed December 4, 2003For Securities:UNH

Summary

UnitedHealth Group Inc. (UNH) announced on December 3, 2003, that it has voluntarily withdrawn its pre-merger notification to the Department of Justice (DOJ) regarding its proposed acquisition of Mid Atlantic Medical Services, Inc. (MAMSI). This action was taken to provide the DOJ's Antitrust Division with additional time for its review. UnitedHealth Group intends to refile the notification on December 5, 2003, which will restart the 30-day waiting period for antitrust clearance. This development indicates a potential, albeit temporary, delay in the merger process, which UnitedHealth Group still anticipates closing in the first quarter of 2004. Investors should note that while the core transaction remains on track, this antitrust review extension is a procedural step that requires monitoring. Further details regarding the merger and its implications are available in the preliminary proxy statement/prospectus filed with the SEC.

Key Highlights

  • 1UnitedHealth Group (UNH) voluntarily withdrew its Hart-Scott-Rodino antitrust filing for the MAMSI acquisition.
  • 2The withdrawal was to provide the DOJ's Antitrust Division with additional time for review.
  • 3UNH plans to refile the notification on December 5, 2003.
  • 4The refiling will restart the 30-day antitrust waiting period.
  • 5The company still expects the acquisition of MAMSI to close in the first quarter of 2004.
  • 6This is a procedural step in the regulatory approval process for the MAMSI merger.
  • 7Key merger documents, including a preliminary proxy statement/prospectus, have been filed with the SEC.

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