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Molina files $300 million shelf
By Devika Patel
Knoxville, Tenn., Dec. 8 - Molina Healthcare, Inc. filed a $300 million shelf registration in an S-3 filing with the Securities and Exchange Commission.
The registration covers common stock, preferred stock, depositary shares, debt securities, warrants, purchase contracts and units.
The securities may be structured as convertibles.
Proceeds will be used for working capital and other general corporate purposes.
Molina is a Long Beach, Calif.-based health management organization that works with low income people on Medicaid and other government assistance programs.
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