Aetna plans to split, turns down takeover
Article Abstract:
Aetna Life and casualty Co plans to split into two publicly traded companies by Dec 31, 2000, to bolster its stock market value. The announcement came on the heels of its announced decision to decline a $70- per-share takeover offer from ING Group and Wellpoint Health Networks. The split will require regulatory approval. The insurer also plans to sell some international assets that do not fit in with its either its health care or financial services operations.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
Insurer's Web site speeds sign-up
Article Abstract:
General Electric's Beverly, MA-based Electric Insurance subsidiary has developed a user-friendly Internet World Wide Web site which has made filing insurance forms a virtually painless process for customers. The company formed a dedicated team who built up the site and made it more attractive and easier to use and navigate. As a result, Web business generated by the site increased from roughly 12% of total sales in Apr 1999 to roughly 45% as of Mar 2000.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
Janus to spin off into holding company
Article Abstract:
Kansas City Southern (KCS) plans to fold its mutual fund business, Janus, into a holding company called Stillwell Financial. The Stillwell Financial umbrella will also include DST Systems, an information processing firm; Nelson's Money Managers, an investment firm based in the UK; and the Berger fund group. Janus officials, however, oppose the deal and, instead, are urging KCS to spin off Janus into a separate company.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The tempest at Altamira: a takeover battle rocks the fund company. Setting a new agenda
- Abstracts: Duplicity and cowardice. The uses of knowledge. When reporters become news
- Abstracts: Against the grain: a bitter Prairie takeover battle is shaking traditional farm alliances. CAI's new flight plan
- Abstracts: Against the grain: a bitter Prairie takeover battle is shaking traditional farm alliances. part 2 Opening doors: a tangled feud over health-care services
- Abstracts: What Is the Koran? New-alphabet disease: it's tough suddenly changing from one alphabet to another. Azerbaijan is on its third one this century