Solvay SA, the world’s largest producer of soda ash, has successfully separated their value added materials business, which trades under the name of Syensqo. Solvay shareholders, at the time of demerger, will receive shares in Syensqo pro rata to their…
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The Cigna Group (CI-NYSE, $300.58) Walks Away From a Takeover/Merger with Humana Inc. (HUM-NYSE, $472.88).
In a happy turn of events, Cigna management decided to end all negotiations with Humana Inc. on a combination. I have argued, backed by volumes of capital markets texts, that one of the most destructive capital markets transactions is a…
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The Cigna Group (CI-NYSE, $262.87) Contemplates Blowing the Last Three Years of Progress on a Highly Dilutive Acquisition of Humana Inc. (HUM-NYSE, $482.41).
Cigna Group and Humana Inc. shares both fell sharply today on a leaked rumor of a potential combination. Shareholders of Cigna and Humana were both flummoxed by the simultaneous decline; typically a takeover candidate rises in price on merger news,…
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Cigna Group (CI-NYSE, $310.61) is Less Than one Quarter Away From Commencement of the Centene PBM Contract Start.
Cigna reported a strong earnings result for Q3. The commercially focused health insurer and second largest PBM (pharmacy benefit manager) in the United States produced a Q3 fiscal result ahead of Wall Street expectations. https://www.prnewswire.com/news-releases/the-cigna-group-reports-strong-third-quarter-2023-results-raises-2023-adjusted-eps-revenue-and-cash-flow-outlook-301975561.html Cigna’s newest PBM contract win…
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Everyone has a Plan Until They get Punched in the Mouth.
Todos tenemos un plan (Everyone has a plan) (Viggo Mortensen) Everyone has a plan until they get punched in the mouth (Mike Tyson) No plan survives contact with the enemy (Field Marshall Helmut von Moltke) The Mexican government announced a…
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