M&A Review: United Technologies SELLS Rocketdyne, Humana DIVESTS Arcadian
Here are Thursday’s top mergers and acquisitions:
United Technologies Corporation (NYSE:UTX) is in final talks to divest its Rocketdyne unit to Gencorp, Inc. (NYSE:GY), according to sources, as the company focuses upon selling off non-core businesses and concentrates on closing its Goodrich purchase. The transaction could be closed late this week or early next.
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Houston American Energy Corporation (NYSE:HUSA) shares move up modestly on word that it is looking at strategic alternatives, which include the divestiture of some of or all of the firm’s assets and the possible sale of the company itself.
Humana, Inc. (NYSE:HUM) will sell assets of Arcadian Health Plan to WellCare Health Plans, Inc. (NYSE:WCG), as part of the terms under which Humana’s purchase of Arcadian was okayed by regulators. It is thought that the transaction will reinforce WellCare’s footprint in Arizona.
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