Mergers and Acquisitions Recap: UnitedHealth Goes To Brazil, Friday’s Cnooc & Nexen Episode
UnitedHealth Group (NYSE:UNH) leads the pack of hopefuls who want part or all of the Brazilian insurer and hospital operator Amil Participaçőes, which currently has a market cap of 9.01 billion reais, or $4.47 billion, according to Bloomberg. Such a deal would allow UnitedHealth access to a growing private-insurance market and bring growth opportunities to its Optum unit which supplies tech and consulting to health systems.
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A new episode to the ongoing Cnooc Limited (NYSE:CEO) and Nexen (NYSE:NXY) drama: Canadian Prime Minister Stephen Harper said Thursday that the $15.1 billion offer for Nexen “raises a range of difficult policy questions,” but added that “Canada is a significant investor in other parts of the world.” Harper’s remarks follow the opposition New Democratic Party’s recent urging of the government to stop the deal.
The General Electric Company (NYSE:GE) is receiving interest from CIMB, which is based in Kuala Lumpur, and Oversea-Chinese Banking Corporation for its $1.6 billion, 25 percent investment in Thailand’s Bank of Ayudhya, according to Bloomberg. This speculation emerges following GE’s 7.6 percent divestiture of Ayudhya to institutional investors last month; the company reports that it is reviewing its “strategic” options for its remaining shares.
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