Diane Alter

Dec 19, 2023 | ionanalytics.com | Carlos Martinez |Bhavna Kaul |Diane Alter

Elevance Health [NYSE:ELV] did not submit a final bid for Cigna’s [NYSE:CI] Medicare Advantage  business last week, according to three sources familiar with the situation. Last week, Bloomberg reported that Elevance Health, the Indianapolis-based health benefits company, was competing with HCSC to acquire Cigna’s Medicare Advantage business.

Sep 29, 2023 | info.mergermarket.com | Carlos Martinez |Richard Tekneci |Diane Alter |Bhavna Kaul

Public By Richard Tekneci, Diane Alter, Bhavna Kaul L3Harris Technologies [NYSE:LHX], the aerospace and defense company, is expected to look at further asset sales after the divestiture of its avionics business, an effort which is at an advanced stage, said three sources familiar with the matter. Two of the sources said L3Harris continues to look at rejiggering its segments and this will likely lead to more divests of businesses that may not fit. These two sources and the third source...

Jul 27, 2023 | community.ionanalytics.com | Richard Tekneci |Kezia Joseph |Bhavna Kaul |Diane Alter

L3Harris Technologies [NYSE:LHX], the aerospace and defense company, is collecting initial bids in early August for the divest of a package of avionics assets, said three sources familiar with the matter. The assets being sold have USD 100m to USD 150m in EBITDA, the three sources and a fourth source familiar said.  Melbourne, Florida-based L3Harris is working with financial advisor Morgan Stanley on the divest, as reported by this news service earlier this month.