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Fly News Breaks for March 23, 2016
CNC, HNT
Mar 23, 2016 | 07:42 EDT
After Centene (CNC) received approval from two California regulators Tuesday for its acquisition of Health Net (HNT), Oppenheimer says that the approvals "pave the way" for the transaction to close "in the near future." The firm says that "some of" the investments required by California "may already have been expected and can be spread out over many years." It recommends buying Centene's stock.