CVS Health Mulls Split Of Retail And Insurance Divisions To Address Financial Challenges: Report
CVS Health Inc (NYSE:CVS) is reportedly considering a major restructuring that could involve separating its retail and insurance businesses. The move comes as the healthcare services company faces investor pressure and seeks to recover from a challenging financial period. CVS Health is trading at an EBITDA multiple of 7x, which is significantly lower than key […]
Here’s Why Surgery Partners Could Be the Next Hot Takeover
With the stock markets trading near highs again and the start of a lower interest rates cycle, the backdrop for mergers, spin-offs, and acquisitions continues to improve. Elevated stock prices are just as good as currency when trying to acquire another company. The Sept. 24, 2024, announcement that Smartsheet Inc. (NYSE: SMAR) will be acquired […]
Struggling Satellite-TV Players DirecTV And Dish Merger Could Be Finalized Soon: WSJ
DirecTV and Dish Network are reportedly in advanced talks to merge, potentially creating the largest U.S. pay-TV provider, with around 20 million subscribers. If completed, the deal could be announced in the coming days, the Wall Street Journal reported. According to Bloomberg, DirecTV, owned by AT&T Inc. (NYSE:T) and TPG Inc. (NASDAQ:TPG), will control the […]
Private Equity Firms Circle Sanofi’s Consumer Health Business Amid Potential Spinoff
In October 2023, Sanofi SA (NASDAQ:SNY) announced its plans to spin off its consumer healthcare business as the French pharmaceutical company outlined its strategic update to increase investment in its drug-development pipeline and cut costs. Sanofi said the spinoff would allow it to increase its focus on innovative medicines and vaccines. Sanofi’s consumer health unit […]
Amazon Ends Remote Work, Former Employee Asks If This Is The Company’s Version Of ‘Silent Sacking’
Amazon.com Inc (NASDAQ:AMZN) is set to end its work-from-home regime and mandate a return to full-time office work starting in January. CEO Andy Jassy shared the news to employees in a Monday memo, also announcing changes to the managerial structure. The end of a flexible work-from-home mandate has a more meaningful impact for the average […]
Accenture PLC Is a Trending Stock: Facts to Know Before Betting on It
Accenture (NYSE: ACN) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this consulting company have returned +2%, compared to the Zacks S&P 500 composite’s […]
PlayStation Leak Confirms PS5 Pro Design: Could A Release Be Near?
PlayStation may have unintentionally confirmed the design of its upcoming PS5 Pro. A recent graphic in a 30th-anniversary blog post from Sony Group Corp. (NYSE:SONY) showcased a lineup of PlayStation console silhouettes, with one console in the center that fans quickly noticed was unfamiliar. See Also: PS5 Pro Leak Reveals Key Details: What We Know […]
Trafigura Signs $400M Prepayment Deal With Mineral Resources
Commodity trading powerhouse Trafigura has been identified as the client behind Mineral Resources’ (OTC:MALRF) $400 million prepayment deal for iron ore. The Australian miner has previously reported the deal in July without disclosing the client’s identity. “Due to confidentiality restrictions, we cannot disclose the terms or the customer that the transaction was undertaken with,” a […]
Evolent Health Explores Sale, Garners Inbound Interest From Private Equity Firms
Evolent Health Inc (NYSE:EVH) is reportedly up for sale. What Happened: The Arlington, Virginia-based software provide initiated an auction process after receiving takeover inquiries from private equity firms and healthcare providers. Among the potential suitors are private equity giants TPG Inc (NASDAQ:TPG), Clayton, Dubilier & Rice (CD&R), and KKR & Co. Inc. (NYSE:KKR). Notably, TPG […]
Investors Heavily Search Pure Storage, Inc.: Here is What You Need to Know
Pure Storage (NYSE: PSTG) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this data storage company have returned +0.5%, compared to the Zacks S&P […]