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Stock Market & Financial Investment News

News For UNH;AET;HUM;WLP From The Last 14 Days
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July 5, 2015
15:23 EDTAET, HUMHumana speculated that Cigna bid was simply an Anthem play, WSJ says
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July 3, 2015
06:51 EDTAET, HUMAetna sees $1.25B in annual synergies in 2018 from deal
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06:49 EDTAET, HUMAetna says ability to repurchase shares limited before deal closing
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06:47 EDTAET, HUMAetna 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
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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08:35 EDTUNHLeerink says UnitedHealth may counter bid for Health Net
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08:06 EDTHUM, AETTiming of Humana deal may be impacted by new ACA data, WSJ says
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07:57 EDTHUM, AETKentucky Medicaid contracts in-line with expectations, says Leerink
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June 29, 2015
06:03 EDTAETAetna implied volatility of 38 at upper end of index
June 28, 2015
17:37 EDTAET, HUMHumana deal could be announced Monday, WSJ says
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June 26, 2015
16:32 EDTAET, HUMStocks end week lower with Greece still searching for deal
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11:00 EDTAETOptions with increasing implied volatility
Options with increasing implied volatility: SRPT AGO CRC WMB AMZN CMG TRIP ZTS AET MBI
10:00 EDTUNHOn The Fly: Analyst Upgrade Summary
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07:59 EDTHUM, AETFBR 'lukewarm' on potential Aetna, Humana deal
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07:55 EDTAET, HUMAetna price target raised to $150 from $145 at Leerink
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06:22 EDTUNHUnitedHealth upgraded to Buy from Neutral at Sterne Agee CRT
06:08 EDTAETAetna implied volatility of 40 at upper end of index
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06:01 EDTAET, HUMHumana could reach deal to sell itself by next week, NY Times reports
According to a source, Humana (HUM) is pursuing a deal to sell itself and an agreement could be reached by next week, The New York Times reports. Aetna (AET) and Cigna (CI) are said to be in the running to buy Humana. Bloomberg previously reported that a deal could be reached as early as this weekend. Reference Link
June 25, 2015
17:03 EDTAETVeracyte signs national network agreement with Aetna
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16:23 EDTHUM, AETOn The Fly: Top stock stories for Thursday
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14:44 EDTAET, HUMHumana options active on nearing deal to be acquired by Aetna
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13:57 EDTAET, HUMHumana spikes on nearing deal to be acquired by Aetna
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13:53 EDTHUM, AETHumana nearing deal to be acquired by Aetna, Bloomberg reports
Aetna (AET) is nearing an acquisition of Humana (HUM) and a deal could be reached as early as this weekend, Bloomberg reports, citing people with knowledge of the matter. Aetna's bid includes cash and stock, and talks between the two the companies picked up after Anthem (ANTM) came public with a bid for Cigna (CI), Bloomberg adds. Both Aetna and Cigna bid for Humana, a source told Bloomberg, with Humana's board preferring the offer from Aetna. Shares of Humana are up $14.72 to $198.95 following Bloomberg's report. Reference Link
13:44 EDTHUMHumana halted for volatility after jumping $15.54 to $199.98
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13:43 EDTHUM, AETHumana received offer from Cigna, Aetna, prefers Aetna, Bloomberg says
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13:43 EDTHUM, AETAetna nearing deal to acquire Humana, Bloomberg reports
11:06 EDTUNH, HUM, AETHospitals, insurers climb after Supreme Court rules on ACA subsidies
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10:11 EDTHUM, AET, UNHACA tax subsidies upheld by Supreme Court
The decision of the Fourth Circuit was affirmed in King v. Burwell by a vote of 6 to 3, according to multiple media reports. The Supreme Court upholding the lower court ruling means that individuals who get health insurance through an exchange established by the federal government will be eligible for tax subsidies in all 50 states. Publicly traded companies in the health insurance space include Aetna (AET), Anthem (ANTM), Centene (CNC), Cigna (CI), Health Net (HNT), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG). Publicly traded companies in the hospital space include Community Health (CYH), HCA Holdings (HCA), LifePoint (LPNT), Tenet (THC) and Universal Health (UHS).
09:40 EDTUNH, HUM, AETMultiple parties expressing interest in Humana, CNBC reports
Humana (HUM) has received expressions of interest from multiple companies, CNBC's David Faber reports. The interest does not mean multiples bids are forthcoming, Faber added.
05:59 EDTHUMHumana implied volatility of 55 at upper end of index
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June 24, 2015
17:57 EDTAET, UNH, HUMWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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10:00 EDTUNH, HUM, AETOn The Fly: Analyst Initiation Summary
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06:36 EDTAETAetna initiated with a Sector Perform at RBC Capital
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06:35 EDTUNHUnitedHealth initiated with an Outperform at RBC Capital
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06:35 EDTHUMHumana initiated with a Sector Perform at RBC Capital
Target $221.
05:59 EDTHUMHumana implied volatility of 54 at upper end of index
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05:42 EDTUNHCatamaran downgraded to Neutral from Buy at UBS
UBS downgraded Catamaran (CTRX) to Neutral saying the stock new fully reflects the UnitedHealth (UNH) takeover deal terms. UnitedHealth management in recent meetings expressed confidence that its pending $61.50 per share purchase of Catamaran will still close in the second half of 2015, UBS tells investors.
June 23, 2015
09:50 EDTHUMAnthem CFO meeting with Cigna shareholders, CNBC reports
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09:45 EDTHUMAnthem concerned Cigna may bid for Humana, CNBC's Faber reports
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07:44 EDTAET, HUMHumana takeover looks unlikely below $210/share, says Leerink
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07:25 EDTUNHPiper Jaffray to hold a summit
2015 Piper Jaffray Heartland Summit is being held in Minneapolis on June 23-24.
06:00 EDTHUMHumana implied volatility of 48 at upper end of index
June 22, 2015
18:56 EDTHUM, AETCigna/Anthem deal could leave Humana with Aetna as only suitor, Bloomberg says
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08:16 EDTHUM, AETAnthem, Cigna deal would be negative for Catamaran, says Leerink
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07:54 EDTHUM, AETAnthem, Cigna deal likely to be consummated, says Leerink
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07:16 EDTHUM, AETAnthem should be bought after Cigna offer, says Stifel
After Anthem, (ANTM) offered to buy Cigna (CI) and the latter company rejected the bid, Stifel estimates that the deal would have been 10% accretive for Anthem in the first year and 20% accretive in the second year. The firm thinks that accretion from the deal will probably be higher than expected. It also recommends buying Aetna (AET) as it believes that the Anthem offer suggests that Aetna will benefit more than expected from its own deal. The firm is cautious on Humana (HUM), saying that it may lose two potential buyers in Anthem and Cigna, while Humana may retreat if Aetna does not acquire the company quickly.
06:51 EDTAET, HUM, UNHHealth insurer tie-ups could cut competition, WSJ reports
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06:37 EDTUNH, HUM, AETHealth insurers may change policies based on King v. Burwell ruling, NYT says
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June 21, 2015
16:03 EDTHUM, UNH, AETAetna makes offer to acquire Humana, WSJ says
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