U.S. health insurer Cigna Corp is exploring a sale of its group benefits insurance business, which could be valued at as much as $6 billion, four people familiar with the matter said on Tuesday.
QEP Resources will remain an independent oil and gas producer after ending a half-year process to sell itself without a deal, the company said on Wednesday, deciding instead to work with a rebuffed suitor to identify further cost savings.
Buyout firm Apollo Global Management LLC has approached Coface SA , the credit insurance company partly owned by French bank Natixis SA , with an acquisition offer, people familiar with the matter said on Friday.
BOSTON Brothers Toby and Derek Rice are on course to win control of EQT Corp's board of directors two years after having sold their own company, Rice Energy, to the natural gas producer, people familiar with the matter said on Tuesday.
Proterra Inc, the U.S. electric bus manufacturer whose investors include car makers Daimler AG and BMW AG , has hired investment banks to prepare for an initial public offering (IPO), according to people familiar with the matter.
NEW YORK U.S. pipeline operator Magellan Midstream Partners is exploring the sale of a 35% stake in its Longhorn crude oil pipeline in Texas for as much as $2 billion, four people familiar with the matter said on Tuesday.
Blackstone Group LP has agreed to sell U.S. consumer finance company Lendmark Financial Services LLC to fellow private equity firm Lightyear Capital LLC for about $600 million excluding debt, people familiar with the matter said on Monday.
NEW YORK Some U.S. insurers are turning to Wall Street's financial wizards for relief from the liabilities of their long-term care (LTC) policies, posing a challenge for regulators worried about how new industry players will tackle the risks involved.