WASHINGTON (AP) — The leaders of two major health insurers planning separate multi-billion dollar acquisitions made the case for the deals to Congress as senators questioned whether they would hurt competition and raise prices for consumers.Blue Cross-Blue Shield insurer Anthem plans to buy Cigna for $48 billion, and rival Aetna is looking to buy Medicare Advantage coverage provider Humana for $35 billion. As a wave of consolidation sweeps through the industry, the deals came under scrutiny at a Senate Judiciary subcommittee hearing Tuesday.
Posted by HLS Forum on Corporate Governance and Financial Regulation, on Friday, August 19, 2016 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of August 12–August 18, 2016.
Last year, Switzerland saw its highest volume of mergers and acquisitions since 2007, with investments by Chinese companies playing a leading role. The year 2016 was notable for its uptick in mergers and acquisitions worldwide, and Switzerland was no exception, with the number of transactions growing by 3.4% over the previous year to 362. This increase is due in no small part to several takeovers by Chinese companies, according to a report by international auditing consultancy KPMG, released on Tuesday.
Reuters/Eric Thayer“Announced” global volume of Mergers & Acquisitions – “announced” in quotes for a reason, more in a moment – has breached the $700 billion year-to-date for the first time since the crazy pre-collapse year 2007. This includes 125 deals of over $1 billion, totaling $455 billion. Three industries are at it with the most vigor: oil & gas, healthcare, and technology.
Mergers and acquisitions will continue to pick up their pace over the next 12 months. In the recently released EY Global Capital Confidence Barometer survey, more than three-quarters (83%) of senior-level executives surveyed said they plan to actively pursue M&A deals over the next 12 months, the highest level on the barometer in six years.
Posted by HLS Forum on Corporate Governance and Financial Regulation, on Friday, May 27, 2016 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of May 20–May 26, 2016.