Daniel Leob's Third Point Fund has built a strong stance in Centene, which operates in the field of life insurance. Centene is about to complete a merger deal with WellCare Health Plans.
Although the hedge fund has announced its financial intentions for Centene, the size of the position and cause still remain unknown.
According to sources and other hedge funds such as Keve Meister's Corvex Management and Sachem Head's Capital Management, they have announced positions in Centene. Although the deal between Centene and WellCare has not yet been completed, Third Point has announced that it will not burden the deal.
The voting day for the deal between Centene and WellCare will take place on 24 June.
Source: CNBC
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