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The breakup blues

It’s all in their pre-nup: Highmark Inc. and Independence Blue Cross want to marry, but if either decides to dump the other in favor of an outside suitor, or for certain other reasons, it’ll cost $15 million. And by the way, this breakup fee can’t be socked away in some remote investment. In their consolidation agreement filed with Pennsylvania’s Department of Insurance, the two Blues say it must be paid with “immediately available funds.” Jane M. Von Bergen

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This page contains a single entry from the blog posted on May 1, 2007 1:02 PM.

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