Philip Morris Considers Selling US Cigar Business As It Pushes Towards Smoke-Free Products: Bloomberg
Marlboro cigarette maker Philip Morris International Inc. (NYSE:PM) is reportedly exploring a potential sale of its U.S. cigar business. The company added the U.S. cigar business via its massive $16 billion acquisition deal with Swedish Match AB. The move accelerates Philip Morris’ transition toward smoke-free products. Benzinga has contacted Philip Morris for comment on the […]
UnitedHealthcare Offers Voluntary Buyouts, Possible Layoffs If Targets Not Met: CNBC
UnitedHealthcare, the insurance arm of UnitedHealth Group (NYSE:UNH), is reportedly offering some employees in its benefits operations unit a chance to take a buyout if they resign by March 3. In January, UnitedHealth announced that Tim Noel will be CEO of the UnitedHealthcare after the segment’s former chief executive was murdered in New York last month. […]
Why Is Walgreens Boots Alliance Stock Trading Higher On Tuesday?
As per a media report in December, Walgreens Boots Alliance Inc (NASDAQ:WBA) suggested the company is in talks to be acquired by Sycamore Partners. Walgreens’s market value has shrunk from over $100 billion a decade ago to around $8.4 billion, as per data from Benzinga Pro. Earlier on Tuesday, citing CNBC, the Bloomberg report noted […]
Johnson & Johnson Explores Sale of Stroke Device Maker Cerenovus As MedTech Overhaul Accelerates
Johnson & Johnson (NYSE:JNJ) is reportedly considering selling its stroke care unit, Cerenovus, in a deal that could value the business at more than $1 billion. The move aligns with the company’s ongoing efforts to streamline its medical technology division following a series of acquisitions. The healthcare giant has engaged advisers to gauge interest from […]
Ray Dalio Warns UK Risks ‘Debt Death Spiral’ Without Deficit Cuts
The United Kingdom faces a debt crisis, with soaring borrowing costs, rising deficits, and a shrinking tax base fueling concerns of a prolonged economic downturn. Ray Dalio, a renowned founder of Bridgewater Associates, recently sounded the alarm, stating that the UK’s rising debt costs and diminishing tax base could lead to a self-reinforcing cycle of […]
Getty Images Weighs Major Merger With Shutterstock That Could Potentially Reshape Visual Content Market
Getty Images Holdings Inc. (NYSE:GETY) is reportedly exploring a potential merger with rival Shutterstock Inc. (NYSE:SSTK). The deliberations, disclosed by unnamed sources, reveal that Getty is considering how to structure the deal, though no final decision has been made. Per a Bloomberg report on Saturday, the proposed merger could unite two of the largest providers […]
Deal Dispatch: Honeywell, Textron And Soho House Are Making M&A Moves
New On The Block Honeywell (NASDAQ:HON) is back at it again with big plans and boardroom brainstorms. This time, the Charlotte, North Carolina-based company is considering sending its aerospace business off to fly solo. Recently, Honeywell unveiled plans to spin off its Advanced Materials business into a standalone public company by late 2025 or early […]
Private Equity Triton Partners Takes Around 10% Stake In Evotec, Reportedly Mulls Potential Takeover Deal
Germany-based Evotec SE (NASDAQ:EVO) is trading on Monday after a report that suggests the company is a takeover target. The private equity firm Triton Partners is reportedly considering acquiring Evotec, Bloomberg reported, citing people familiar with the matter. In an SEC filing, Evotec reported that Triton had acquired a 9.99% stake in the company via several […]
Cigna And Humana Revive Early Merger Talks After Year-Long Pause As Medicare Cost Pressure Looms
In a significant development in the health insurance industry, Cigna Group (NYSE:CI) has reinitiated discussions to merge with Humana Inc. (NYSE:HUM), potentially creating a giant in the sector. Talks, previously stalled over pricing disagreements, have resumed with a focus on a transformative consolidation that could reshape market dynamics. According to a Bloomberg report on Friday, […]
Saudi Arabia Targeting Billions In Zambian Assets, Despite Persistent Infrastructure Troubles
Manara Minerals, a joint venture between Saudi Arabia’s Public Investment Fund (PIF) and Ma’aden (Saudi Arabian Mining Co), is nearing a deal to purchase a 15% to 20% stake in First Quantum Minerals (OTC:FQVLF) Zambian copper and nickel assets. The potential transaction, which Reuters reported citing information from trusted sources, is valued between $1.5 billion […]