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April 30, 2007
SIERRA CHOSE UNITED OVER ANOTHER BIDDER
Sierra Health Services (Las Vegas, NV) said that both UnitedHealth Group (Minnetonka, MN) and another bidder offered the same purchase price for the company—$43.50 per share—but the company went with UnitedHealth in part because United offered to pay a $25 million break-up fee is the deal fell apart.
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