USA - Markets upbeat on M&A turmoil
Saturday, 02 18 2017, Category: Insurance and Reinsurance, Country: United States
While bankers were lamenting the collapse of US$88bn in healthcare mergers this week, markets were surprisingly upbeat about the latest upheaval in the sector.
Insurance giant Aetna finally threw in the towel on Tuesday when it terminated its US$34bn merger attempt with rival Humana after US courts ruled against the deal earlier this year.
Cigna also announced the same day that it was seeking to end Anthem's US$54bn bid for the company, unleashing a bitter court battle between the two sides – and potentially dragging advisers into the scrap.