Monday's Financial Winners & Losers
Among few financial winners Monday, Alfa (ALFA) surged 22.8% after majority owner Alfa Mutual Group agreed to take the insurer private for $22 a share. The deal, which should close in the first half of next year, values the company's remaining shares at about $840 million. Shares of the Montgomery, Ala., firm were up $3.98 to $21.50.Elsewhere, health insurer and managed-care provider WellCare Health Plans (WCG) rocketed 32.5% on impressive preliminary third-quarter results, recouping a noteworthy chunk of the huge federal raid-spurred losses its shares had incurred within the prior couple of weeks. Shares were trading at $32.26.
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