United States

David French

Exclusive: Cigna seeks sale of group benefits insurance business - sources

Aug 20 2019

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.

Oil producer QEP ends sale process, settles with activist Elliott

Aug 07 2019

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.

Exclusive: Apollo Global makes offer for France's Coface: sources

Jul 19 2019

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.

Rice group set to take control of EQT board in proxy contest: sources

Jul 09 2019

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.

Electric bus maker Proterra hires banks for IPO: sources

Jul 03 2019

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.

Magellan Midstream seeks sale of stake in Longhorn crude pipeline: sources

Jun 25 2019

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 to sell Lendmark Financial to Lightyear Capital: sources

Jun 24 2019

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.

Wall Street takes on long-term care payouts as insurers balk at costs

Jun 19 2019

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.

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