September 24, 1993 |
Two Connecticut companies will merge by year's end to become one of the country's largest providers of managed mental health and substance abuse services, if shareholders and regulators approve the deal. Value Health Inc. of Avon said Thursday that it will acquire Preferred Health Care Ltd., which is based in Wilton, in a stock-swap deal. Under the agreement, each share of Preferred's stock would be exchanged for 0.88 shares of Value Health's stock. Value Health shares lost $1.