Investors are digesting the implications of the British decision to leave the European Union, as well they should. Banks with large currency trading and hedging desks, of which there are too many to enumerate, will likely be posting outsized “one…

The implication, that may be derived from the bond issuance, is that the planned acquisition of Humana by Aetna, in a cash and stock swap, is very much on track for a second half 2016 close. http://www.marketwatch.com/story/aetna-raises-13-billion-in-bond-sale-to-finance-humana-bid-2016-06-02?siteid=yhoof2

Valuation is less than 1X sales. A blockbuster acquisition may propel this company into large mid-cap status in coming years.