Fremont-General will sell its Maxicare stock.
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The Los Angeles-based insurance company said it has filed a registration statement with the SEC to sell 8.9 million shares of the common stock of its subsidiary, Maxicare Health Plans Inc. Maxicare owns and operates a system of health maintenance organizations in California and nine other states. Following the offering, Fremont General will not own any of Maxicare’s outstanding common stock.
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