Greg's Feed
Jul 3, 2015

Aetna to buy Humana for $37 bln in largest insurance deal

July 3 (Reuters) – Health insurer Aetna Inc said it
would buy smaller rival Humana Inc for about $37 billion
in cash and stock, in the largest ever deal in the insurance
industry.

The combination will push Aetna close to Anthem Inc’s
No.2 insurer spot by membership, and would nearly
triple Aetna’s Medicare Advantage business.

Jul 3, 2015

Aetna nears deal to buy Humana for about $34 bln -sources

July 2 (Reuters) – U.S health insurer Aetna Inc is
nearing an agreement to buy rival Humana Inc for about
$34 billion in a cash and stock deal, people familiar with the
matter told Reuters on Thursday.

One person said Aetna’s offer would value Humana at about
$230 per share and that a deal could be announced as early as
Friday.

Jul 2, 2015

Exclusive: Sycamore Partners in bid to buy Belk for more than $3 billion – sources

By Greg Roumeliotis

(Reuters) – Sycamore Partners is preparing an offer for Belk Inc that could value the U.S. department store chain at between $3 billion and $3.5 billion, including debt, and become the buyout firm’s largest deal, people familiar with the matter said on Thursday.

Sycamore is in the process of finalizing financing arrangements for a potential acquisition of Belk, the people said. The family that owns Belk is expected to make a decision on whether to sell the company this month, the people added.

Jul 1, 2015

Kelso in talks to buy building materials distributor US LBM: sources

By Greg Roumeliotis

(Reuters) – Buyout firm Kelso & Co is in advanced discussions to acquire US LBM Holdings LLC, in a deal that could value the U.S. building materials distributor at around $1 billion, including debt, according to people familiar with the matter.

Kelso has so far outbid other private equity firms in the auction for US LBM, the people said this week. US LBM’s owner, private equity firm BlackEagle Partners LLC, may yet decide to sell the company to another bidder or hold on to it if the negotiations with Kelso are unsuccessful, the people cautioned.

Jun 30, 2015

Interactive Data Corp taps banks for sale or IPO: sources

By Liana B. Baker and Greg Roumeliotis

(Reuters) – Interactive Data Corp, one of the world’s largest financial data providers, has hired banks for a potential sale or an initial public offering that could value it at more than $5 billion, including debt, people familiar with the matter said on Tuesday.

IDC’s owners, private equity firms Silver Lake Group LLC and Warburg Pincus LLC, have asked Credit Suisse Group AG (CSGN.VX: Quote, Profile, Research, Stock Buzz) and Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) to run an auction for the company, the people said.

Jun 30, 2015

Exclusive: Centerbridge in talks to buy KIK Custom Products – sources

By Greg Roumeliotis and Olivia Oran

(Reuters) – Private equity firm Centerbridge Partners LP is in advanced talks to acquire household cleaning and personal care products maker KIK Custom Products Inc for around $1.6 billion, including debt, according to people familiar with the matter.

Centerbridge has so far outbid other private equity firms in the auction for KIK, though negotiations are continuing and it remains uncertain whether it can reach an agreement with KIK’s owner, buyout firm CI Capital Partners LLC, the people said this week. CI may decide to sell KIK to another bidder or hold on to the company, the people added.

Jun 29, 2015

Second-quarter M&A close to record amid mega deals

NEW YORK/LONDON (Reuters) – Mergers and acquisitions (M&A) worldwide in the second quarter of 2015 almost matched the record set in the second quarter of 2007, according to preliminary Thomson Reuters data, as big companies turned to deals to boost their market share.

Low interest rates and stronger confidence among chief executives have led to a steady rise in M&A activity in the last two years to close to pre-2008 financial crisis levels. The second quarter of 2015, however, stands out for the number of mega deals that were clinched or attempted.

Jun 28, 2015

Potash Corp would not shed K+S operations in a deal -sources

June 28 (Reuters) – Potash Corp of Saskatchewan Inc
, the world’s largest fertilizer company by capacity,
does not plan any closures at K+S AG if its bid for
its German peer proves successful, according to people familiar
with the matter.

Potash Corp and K+S have both acknowledged the bid publicly
but have disclosed no other details. Sources
told Reuters last week that K+S is concerned that Potash Corp
wants to take capacity out of an oversupplied market in order to
boost profitability.

Jun 25, 2015

Exclusive – SRA International seeks $2 billion sale or IPO: sources

By Mike Stone and Greg Roumeliotis

(Reuters) – SRA International Inc is exploring a sale or initial public offering that could value the U.S. defence information technology company at around $2 billion (£1.27 billion), including debt, people familiar with the matter said on Thursday.

Cuts in U.S. government spending, particularly in the areas of defence and security, have hit companies that rely on government servicing contracts. A sale of SRA could provide the latest example of the industry consolidating as a result.

Jun 25, 2015

Exclusive: SRA International seeks $2 billion sale or IPO

By Mike Stone and Greg Roumeliotis

(Reuters) – SRA International Inc is exploring a sale or initial public offering that could value the U.S. defense information technology company at around $2 billion, including debt, people familiar with the matter said on Thursday.

Cuts in U.S. government spending, particularly in the areas of defense and security, have hit companies that rely on government servicing contracts. A sale of SRA could provide the latest example of the industry consolidating as a result.