Anthem Inc. struck a deal to buy rival Cigna Corp. for $48.4 billion, wrapping up almost a year of contentious negotiations and potentially creating the largest health insurer in the U.S. Anthem will pay $188 a share in cash and…
Aetna Inc. (NYSE:AET), the third-largest health insurer in the US, announced Friday it has agreed to acquire its smaller rival Humana Inc. (NYSE:HUM) for $34.1 billion, following weeks of merger-related speculation concerning the health insurance giants. The said deal is…
Cigna Corporation (NYSE:CI), one of the leading health benefits provider in the US, has once again turned down acquisition offer from Anthem Inc. (NYSE:ANTM), saying it is not in the best interests of the company’s shareholders, according to the Wall…
Amgen, Inc. (NASDAQ:AMGN) announced that its cancer drug was successful in meeting the main endpoints, improved overall survival rate in the patients who are suffering from metastatic colorectal cancer and have not responded to chemotherapy. The phase III clinical trial…
Valeant Pharmaceuticals said it will buy Salix Pharmaceuticals for $10 billion. The Quebec-based company said it would pay $158 per share for Salix. The deal will take Valeant into the multibillion dollar market for drugs treating stomach disorders like traveler's…
That total on the balance sheet has been the focus of speculation among investors ever since the New York-based pharmaceutical company walked away from an almost $120 billion deal to acquire U.K. drugmaker AstraZeneca Plc last year. The use of…
The dollar's surge is reducing earnings at American companies from Procter & Gamble Co. to Pfizer Inc. and DuPont Co. that make a large portion of their revenue abroad. P&G, the world's biggest consumer-products maker, today reported profit that missed…