Investors closely following potential merger wave
The takeover game is rampant among U.S. health insurers and stock investors are filling the stands.
Mergers & Acquisitions
Articles
Health insurers that win merger race likely to get regulatory OK
A victory by Anthem Inc. in its bid to buy Cigna Corp. could create regulatory hurdles for other insurers exploring deals as antitrust officials seek to hold the line on rising health care costs.
Potential Anthem-Cigna deal hinges on CEO cooperation
Cigna Corp. and Anthem Inc. are poised to do the biggest deal that the health insurance industry has ever seen—if their CEOs can get along.
Anthem reaffirms commitment to its $47 billion bid for Cigna
Indianapolis-based Anthem Inc. said Monday that the merged companies would cover more than 53 million people combined, a total that easily surpasses that of current market leader, UnitedHealth Group Inc.
Anthem goes public with $47B offer for Cigna
One of the stumbling blocks to a deal has been Cigna’s insistence that its CEO, David Cordani, serve as CEO of the merged company.
Hill-Rom to acquire medical supplies firm for $2 billion
The acquisition lets Hill-Rom, a maker of hospital supplies for wound care and respiratory health, delve further into the market for diagnostic supplies for physicians and emergency responders
KAR launches global push by acquiring English company
Carmel-based KAR Auction Services Inc. announced Monday that it has acquired Canvey Island, England-based HBC Vehicle Services, marking its first foray into a market outside of North America.
PPG Industries buying Indiana coatings manufacturer
The former Indianapolis Varnish Co. had sales last year of more than $100 million. IVC has more than 300 employees at five manufacturing plants in Indiana, Michigan, Georgia, Arizona and China.
Speculation grows over possible Humana acquisition
Humana Inc. has pulled out of a major health care conference and said it will not comment on rumors of a merger, actions that will likely fuel Wall Street speculation that the insurer is part of a developing deal. Anthem Inc. is a possible suitor.
Charter’s cable buy faces easier road than Comcast’s
Charter Communications Inc.’s proposed purchase of Time Warner Cable Inc. faces fewer hurdles to U.S. regulatory approval than Comcast Corp.’s ill-fated bid to buy the No. 2 cable provider.
Private equity fund buying iconic Frisch’s Big Boy chain
Frisch's Big Boy restaurants are being sold to a private equity fund, ending family ownership of a Cincinnati-based chain that dates to 1948.
Report: Microsoft considering bid for Salesforce.com
Microsoft Corp. is evaluating a bid for Salesforce.com Inc., after the cloud software provider was approached by another would-be buyer, people with knowledge of the matter said.
Charter negotiates ‘in good faith’ to save Bright House deal
Charter Communications Inc.’s deal to buy Bright House for $10.4 billion is now in jeopardy because it had depended on Comcast Corp. closing its now-defunct merger with Time Warner Cable Inc.
Salesforce seen as attractive, if pricey, target for cloud push
Salesforce.com Inc., the software provider that has hired bankers to field takeover offers, would make sense as a partner for a buyer willing to spend a lot to become the leader in cloud computing.
GreatLand Connections doomed by failed cable merger
GreatLand Connections would have been the fifth largest cable company in the United States, with more than 2.5 million subscribers, including 344,400 in the Indianapolis area.
FCC also opposed to Comcast-Time Warner cable deal, source says
Representatives of the two biggest U.S. cable companies were told that FCC officials are leaning against the merger, according to a person with knowledge of the situation. The merger, if completed as planned, would shake up the cable industry in central Indiana.
Antitrust lawyers said to be leaning against Comcast merger
Staff attorneys at the U.S. Justice Department’s antitrust division are nearing a recommendation to block Comcast Corp.’s bid to buy Time Warner Cable Inc., according to people familiar with the matter.
Simon Property retools growth plan after setback with Macerich
The company missed out on a rare opportunity that would have brought dozens of high-end malls into the fold, but it still has solid growth opportunities without the $23.2 billion deal, analysts say.
Dow Chemical strikes $5 billion chlorine deal with Olin
The parent to Indianapolis-based Dow AgroSciences LLC agreed to sell almost all of its chlorine business, the world’s largest, to Olin Corp. in a $5 billion deal as it pares less profitable products.
UPDATE: Simon increases bid for Macerich to $23B in ‘final offer’
By buying Macerich, the largest U.S. mall owner would expand its holdings on the West Coast and add top-tier properties that rarely come up for sale. The offer will be withdrawn if Simon is unable to meet with Macerich to negotiate terms of an agreement by April 1.