20180828 IN Pipeline – M&A

JUST FOR FUN AS IT IS A BETA BLOG!  Kaiser Shipyards formed healthcare company due to government regulation (i.e. salary freeze during World War II).  Why and what will Amazon’s healthcare look like and will it just acquire a company?  Will Amazon in the future look more like Jack Welch’s GE (aka M&A machine).

IN Pipeline – M&A – 08-28-2018

** Enbridge Inc, Canada’s largest pipeline operator, said it would buy its U.S. master limited partnership Spectra Energy Partners for a sweetened deal of $3.3 billion.

** Cigna Corp shareholders voted in favor of the health insurer’s proposed $52 billion acquisition of pharmacy benefit manager Express Scripts Holding Co, although the deal still needs clearance from antitrust authorities.

** Aspen Insurance Holdings Ltd said certain funds affiliated to alternative investment manager Apollo Global Management LLC will take the insurer private in an all-cash transaction valued at $2.6 billion.

** Hong Kong-based insurer FWD Group has agreed to buy HSBC Holdings Plc’s stake in a Malaysian insurance joint venture as part of a plan to expand its presence in Asia, three people familiar with the matter said.

** Qatari lenders Barwa Bank and the International Bank of Qatar have reached a final merger agreement, creating a combined group with total assets of 80 billion riyals ($22 billion), the banks said on Tuesday.

** The merger of DEA, a vehicle of Russian billionaire Mikhail Fridman, and Wintershall, the oil unit of Germany’s BASF SE, may be signed in the next two weeks, with government approvals taking six months from then, the DEA CEO told Reuters.

DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a  beta blog.ces. No financial terms were disclosed.

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Author: JDM

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