- WellPoint (WLP) is selling 1-800-CONTACTS to PE firm Thomas H. Lee Partners and has entered into "an asset-purchase agreement for glasses.com and its virtual try-on technology."
- Financial terms weren't disclosed, but WLP says it will use the proceeds to "support ... continued capital deployment strategies."
- WLP will record an impairment charge of $0.52-0.57 for Q4. (PR)
WellPoint divests online contact lens subsidiary
Jan 7 2014, 17:14 ET