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Stock Market & Financial Investment News

News For APKT;ORCL;SONS;HLF;NUS;BTH;PKT;RMTI;MOBI;PC;RCL;CLX;HUM From The Last 14 Days
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July 6, 2015
06:49 EDTHUMAetna volatility elevated into acquisition of Humana for $37B
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06:31 EDTHUMAetna downgraded to Market Perform from Outperform at FBR Capital
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06:21 EDTHUMAetna and Humana to host conference call
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05:56 EDTHLFStocks with implied volatility above IV index mean; XOMA HLF
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05:43 EDTHUMAetna price target raised to $152 from $125 at Barclays
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July 5, 2015
17:13 EDTHUMAetna CEO calls regulatory concerns in Humana deal 'very manageable,' WSJ says
Aetna's (AET) planned acquisition of Humana (HUM) includes a $1B breakup free should the deal fail on an antitrust basis, the Wall Street Journal reported Friday, citing a person familiar with the matter. In an interview with the publication, Aetna CEO Mark Bertolini remarked that while regulatory scrutiny is "never totally predictable, we believe it’s very manageable." Reference Link
15:23 EDTHUMHumana speculated that Cigna bid was simply an Anthem play, WSJ says
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July 3, 2015
06:51 EDTHUMAetna sees $1.25B in annual synergies in 2018 from deal
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06:49 EDTHUMAetna says ability to repurchase shares limited before deal closing
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06:47 EDTHUMAetna to acquire Humana for $37B or $230 per share
Aetna (AET) and Humana (HUM) announced that they have entered into a definitive agreement under which Aetna will acquire all outstanding shares of Humana for a combination of cash and stock valued at $37B or approximately $230 per Humana share based on the closing price of Aetna common shares on July 2. Humana closed yesterday down $5.57 to $187.57. Under the terms of the agreement, which has been approved by the board of directors of each company, Humana stockholders will receive $125.00 in cash and 0.8375 Aetna common shares for each Humana share. As a result of the transaction, Aetna’s shareholders would own approximately 74% f the combined company and Humana’s shareholders would own approximately 26%. Aetna expects to finance the cash portion of the transaction with a combination of cash on hand and by issuing approximately $16B of new term loans, debt and commercial paper. Upon closing, which is expected to be in the second half of 2016, the company’s debt-capital ratio is projected to be approximately 46%, and management has committed to reducing that ratio below 40% over the 24 months following the closing. The transaction is projected to be neutral to Aetna’s 2016 operating earnings and produce mid-single digit percentage operating earnings accretion in 2017 and low double-digit percentage accretion in 2018. The combined company would have projected 2015 operating revenue of approximately $115B. Following the close of the transaction, Mark Bertolini will serve as Chairman and CEO of the combined company. At the time of the closing, the Aetna board will be comprised of twelve current Aetna directors and four Humana directors, for a total of sixteen directors.
July 2, 2015
13:44 EDTHLFHerbalife announces expansion plans for North Carolina facility
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11:33 EDTHUMCigna talking potential deals with Anthem, Humana, WSJ reports
Cigna (CI) has rekindled possible buyout talks with Anthem (ANTM) while it remains a potential acquirer of Humana (HUM), Wall Street Journal reports, citing a person familiar with the matter. Cigna met with Anthem twice over the past week to discuss a potential merger, and a deal could be reached in the coming weeks, a source told the Journal. CNBC's David Faber reported earlier that Cigna has re-engaged in talks with Anthem after rejecting an earlier $184 per share buyout offer. Shares of the health insurer are off their highs but remain up $1.13 to $163.17 near midday trading. Reference Link
11:03 EDTHUMCigna talking to Anthem, Humana about deals, Dow reports
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08:06 EDTHUMTiming of Humana deal may be impacted by new ACA data, WSJ says
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07:57 EDTORCLOracle weakness a buying opportunity, says Canaccord
Canaccord said the recent dip in Oracle is a good chance to buy the shares as their investment thesis remains unchanged. The firm noted the Q4 earnings disappointment and its recent sell-off and trimmed its estimates accordingly. Canaccord continues to expect a several point multiple expansion on its free cash flow based valuation as investors gain confidence in the company's transition to the Cloud. Canaccord reiterated its Buy rating and $50 price target on Oracle shares.
07:57 EDTHUMKentucky Medicaid contracts in-line with expectations, says Leerink
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06:08 EDTHLFHerbalife implied volatility of 42 at lower end of index mean range
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July 1, 2015
07:25 EDTCLXConsumer goods makers challenged by surging freight costs, WSJ reports
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June 30, 2015
10:26 EDTRMTIOptions with increasing implied volatility
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05:59 EDTORCLGartner: Worldwide IT spending on pace to decline 5.5% in 2015
Worldwide IT spending is on pace to total $3.5T in 2015, a 5.5% decline from 2014, according to the latest forecast by Gartner, Inc. Analysts attribute the decline to the rising U.S. dollar. In constant-currency terms, the market is projected to grow 2.5%. In Gartner's previous forecast in April, it had forecast IT spending to decline 1.3% in U.S. dollars and grow 3.1% in constant currency. "We want to stress that this is not a market crash. Such are the illusions that large swings in the value of the U.S. dollar versus other currencies can create," said John-David Lovelock, research vice president at Gartner. "However, there are secondary effects to the rising U.S. dollar. Vendors do have to raise prices to protect costs and margins of their products, and enterprises and consumers will have to make new purchase decisions in light of the new prices." Communications services will continue to be the largest IT spending segment in 2015 with spending at nearly $1.5T. However, this segment is also experiencing the strongest decline among the five IT sectors. In the device market, mobile phones continue to be the leading segment, with growth in Apple phones, especially in China, keeping overall phone spending consistent. However, overall smartphone unit growth will start to flatten. The PC and tablet market continues to weaken. The expected 10 percent increase in average PC pricing in currency-impacted countries is going ahead, delaying purchases even more than expected. Excessive PC inventory levels, especially in Western Europe, need to be cleared, which will delay Windows 10 inventory in the second half of the year. Within the data center systems segment, storage and network markets are both expected to see weaker growth in U.S. dollar terms as a result of the appreciation of the U.S. dollar. Reference Link
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