Activist Third Point builds stake in health insurer Centene


Daniel Loeb

Simon Dawson | Bloomberg | Getty Images

Daniel Loeb’s Third Point has built a stake in Centene as the health insurer works to complete its previously announced purchase of WellCare Health Plans.

While the activist hedge fund confirmed on Friday that it has a financial position in Centene, neither the reason for its involvement nor the size of the stake could be immediately determined by CNBC.

The Wall Street Journal reported earlier in the day that Loeb and…


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