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Merger of Worldpay with Vantiv gets High Court approval

“In early August last year, the boards of directors of Vantiv and Worldpay announced that they had reached agreement on the terms of a recommended merger of Worldpay with Vantiv and Vantiv UK Limited (a subsidiary of Vantiv)” reports financefeeds.com. The last day of dealings in Worldpay Shares will therefore be January 12, 2018, and once suspended, it is not expected that trading in Worldpay Shares will resume.Upon completion of the merger, Worldpay shareholders are set to own approximately 43%, and Vantiv shareholders are set to own approximately 57% of…

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AT&T, Time Warner push back date to give up on merger

“The original date of the merger agreement was Oct. 22, 2016” writes Reporter Editor for marketwatch.com. Telecom giant AT&T is battling the Trump administration over its proposed merger with media giant Time Warner, as antitrust regulators have sued to block the deal.Previously, the companies had agreed to terminate the deal if the merger failed to close by April 22, 2018.TWX, +2.62% agreed to waive the right to terminate the companies’ merger agreement, until June 18, 2018. Source: marketwatch.com Share This:

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Ignyta’s stock soars on heavy volume after Roche merger deal

“Volume topped 900,000 shares about 100 minutes before the open, making it the most actively traded stock in the premarket” writes Reporter Editor for marketwatch.com. RXDX, +1.30% soared 73% toward a record high in active premarket trade Friday, after the biotechnology company disclosed that it agreed to a merger with Roche Holdings Inc.Ignyta had 66.34 million shares outstanding as of Oct. 31, according to recent filings. Ignyta’s stock has nearly tripled (up 193%) year to date through Thursday, while the iShares Nasdaq Biotechnology ETF IBB, +0.77% has climbed 21% and…

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Markets News Regulators 

Tesco/Booker merger cleared by U.K. regulator

“Tesco PLC (TSCO.LN) said Wednesday that the U.K.’s Competition and Markets Authority has given its final clearance to the retailer’s merger with wholesaler Booker Group PLC (BOK.LN)” writes Dimitrios Kontos for marketwatch.com. The company said that it expects respective shareholder meetings to take place towards the end of February 2018, and the deal to be completed in March 2018.In a separate statement, the Competition and Markets Authority said that it had reviewed the deal in depth and concluded that since Booker does not own the stores it supplies, the wholesaler…

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The CVS-Aetna Merger Will Be a Disaster for Small Drugstores

“Big corporate mergers in the health care industry tend to work out poorly for customers” writes Forrest Wickman for slate.com. Or will it just lead to a more concentrated health care industry without benefiting patients?. It’s also a health care provider.But CVS and Aetna would be what’s known as a vertical merger, where companies in two different stages of a supply chain join up. Source: slate.com Share This:

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Hospital operators in merger talks to form U.S. industry leader: WSJ

“The two have been in talks about a deal for months but have not reached an agreement, the Journal reported” writes Midwest Communications Inc for 95kqds.com. The merger talks come at a pivotal time in the industry, as a series of deals, major changes to the 2010 Affordable Care Act, dubbed Obamacare, and rising drug prices have reshaped the U.S. healthcare landscape.The merger would result in the formation of a large and diverse Catholic health system. Source: 95kqds.com Share This:

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Ascension, Providence St. Joseph Health merger would create largest U.S. hospital operator

“Two major hospital operators are in talks about a possible merger that would create the largest U.S. hospital owner, as a series of major deals are poised to consolidate control of the health-care landscape into fewer hands” writes Anna Wilde Mathews for marketwatch.com. Pushing down the use of costly services such as emergency rooms is a key focus of CVS Health Corp.’s $69 billion deal for Aetna Inc., announced last week.Ascension and Providence have been talking for months and a merger is far from assured, according to the people. Source: marketwatch.com Share This:

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