Seeking Alpha

WellPoint divests online contact lens subsidiary

  • 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)
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs