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Stock Market & Financial Investment News

News Breaks
February 21, 2014
06:50 EDTHUM, WLP, CNC, HNT, CI, HS, MOH, UNH, WCG, AGP, AETObama says nearly 4M have signed up for Obamacare plans, The Hill says
Almost 4M Americans have signed up for health insurance on Obamacare exchanges, President Obama said yesterday, according to The Hill. Last Wednesday, the government said that just under 3.3M Americans had enrolled in such plans, the website noted, adding that Obama's statement may indicate that enrollment in the plans is accelerating. Publicly traded health insurance companies include AMERIGROUP (AGP), Aetna (AET), Centene (CNC), Cigna (CI), Health Net (HNT), Healthspring (HS), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH), WellCare (WCG) and WellPoint (WLP). Reference Link
News For HUM;UNH;HNT;AET;MOH;CNC;AGP;HS;WLP;WCG;CI From The Last 14 Days
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June 22, 2015
06:51 EDTAET, CI, UNH, HUMHealth insurer tie-ups could cut competition, WSJ reports
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06:37 EDTCI, WCG, MOH, UNH, HUM, HNT, AET, CNCHealth insurers may change policies based on King v. Burwell ruling, NYT says
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06:03 EDTCICigna implied volatility of 37 at upper end of index
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June 21, 2015
18:17 EDTCICigna calls Anthem offer 'inadequate,' 'woefully skewed'
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16:57 EDTCICigna says Anthem proposal not in interest of shareholders, Bloomberg reports
Cigna (CI) has sent a letter of rejection to the Anthem (ANTM) board of directors, reports Bloomberg. Notably, Cigna acknowledged that the combination of the two companies has some potential benefits under the right circumstances. However, the company also remarked that Anthem has "complications" related to its Blue Cross and Blue Shield membership, and also cited antitrust actions as well as Anthem's "lagging" shares.
16:50 EDTCICigna board unanimously rejects Anthem proposal, DJ says
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16:03 EDTHUM, AET, UNH, CIAetna makes offer to acquire Humana, WSJ says
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15:26 EDTCIAnthem publicized offer for Cigna in order to pressure company, WSJ says
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June 20, 2015
19:56 EDTCIAnthem proposes to acquire Cigna for $184 per share in cash, stock
Anthem (ANTM) announced that it has submitted a non-binding proposal to acquire Cigna (CI) for $184 per share in cash and stock. Under the terms of the proposal, which was delivered to Cigna’s board, Cigna stockholders would receive a total consideration that represents a value of $184 per share. The offer, which values the company at $53.8B on an enterprise basis, represents an “unaffected” premium to Cigna’s stockholders of more than 35.4%, based on the closing price of Cigna’s shares on May 28. The combined company would be an industry leader with greater than $115B in annual revenues, based on the most recent 2015 outlook publicly reported by both companies. Under the contemplated terms, the consideration would consist of approximately 31.4% Anthem shares and 68.6% cash and the combined company would reflect a pro forma equity ownership comprised of approximately 76.3% Anthem shareholders and approximately 23.7% Cigna stockholders. Anthem is also confident in its ability to complete any financing related to the acquisition, the company said. Anthem expects the combination would be accretive to operating earnings per share and that the combined enterprise would generate significant annual cost synergies by achieving operating and G&A efficiencies. Anthem expects to achieve adjusted earnings per share accretion of greater than 10% in year one, with the accretion more than doubling by year two following the closing of the transaction. Anthem is confident in the achievability of synergies and is committed to retaining investment grade debt ratings, the company noted. Anthem is confident in its ability to obtain regulatory approvals. In the course of previous negotiations, both companies have expressed a confidence that regulatory approval would not delay the consummation of the combination. This includes matters related to the Blue Cross Blue Shield Association. "Anthem has been engaged with Cigna to explore a potential combination since August 2014 and is making its proposal public today following Cigna’s refusal to reasonably negotiate and its insistence on securing governance matters that are not common practice in similar transactions. Anthem is confident in the value being offered, the growth potential of the combined company and its ability to successfully integrate the two organizations," the company stated.
June 19, 2015
16:24 EDTAET, UNH, HUM, CIStocks end week higher after Fed reassures on gradual pace of rate increases
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14:07 EDTAET, CIOptions with increasing implied volatility: NFLX CI TRIP AET
10:09 EDTAET, HNT, WCG, CI, HUM, CNC, MOH, UNHFly Watch: Supreme Court may release key ACA decision soon
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09:18 EDTCI, AET, HUMHumana most likely target in Managed Care, says FBR Capital
FBR Capital says Humana (HUM) is the most likely acquisition target in the Managed Care space, with Aetna (AET), Anthem (ANTM) and Cigna (CI) as the likely acquirers. The firm believes Anthem would benefit the most from the acquisition of Humana. It also thinks UnitedHealth (UNH) could look to acquire Aetna or Cigna. FBR thinks one or two more large deals in the space are possible.
07:37 EDTHUM, AET, CI, UNHSupreme Court decision on ACA suit due soon, says UBS
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06:11 EDTCICigna implied volatility of 38 at upper end of index
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June 18, 2015
11:31 EDTUNH, HUM, CI, AETOptions with increasing implied volatility
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07:51 EDTHUM, CI, CNC, HNT, AET, MOHIncrease in 3R backstop most positive for Humana, says Leerink
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07:38 EDTHNT, AETLeerink to hold a roundtable
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06:08 EDTCICigna implied volatility of 38 at upper end of index
05:57 EDTUNHStocks with implied volatility movement; UNH JD
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