Leerink Partners Raises Price Target on WellCare Health Plans (WCG) Following 3Q Beat

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WellCare Health Plans (WCG) to Acquire Universal American (UAM) for $10/Share

November 17, 2016 7:16 AM EST

WellCare Health Plans, Inc. (NYSE: WCG) and Universal American Corp. (NYSE: UAM) announced today that they have entered into a definitive agreement under which WellCare will acquire Universal American in an all cash transaction valued at $10.00 per share of common stock. This represents a 34 percent premium to Universal American's 60-day volume-weighted average closing stock price as of November 16, 2016.

WellCare expects to retire Universal American's outstanding preferred shares shortly after closing and, in connection with the merger, Universal American's outstanding convertible notes will become convertible and holders... More

Maverick Capital 13F Shows New Stakes in Blue Buffalo Pet (BUFF), Dollar General (DG), Increase in ABI (BUD), Philip Morris (PM), (More...)

November 14, 2016 4:56 PM EST

Maverick Capital released its 13F for the quarter ended Sept. 2016. Below is a summary

New Stakes
Akorn, Inc. (NASDAQ: AKRX) new 116,040 share position
ALTISOURCE REG (NASDAQ: ASPS) new 35,340 share position
Analog Devices, Inc. (NASDAQ: ADI) new 50,120 share position
Applied Materials Inc (NASDAQ: AMAT) new 105,100 share position
Best Buy Co. Inc. (NYSE: BBY) new 81,490 share position
Blue Buffalo Pet Products (NASDAQ: BUFF) new 121,640 share position
Childrens Place (NASDAQ: PLCE) new 37,899 share... More

Credit Suisse Upgrades WellCare Health Plans (WCG) to Neutral; Trump Black Swan Event

November 11, 2016 7:35 AM EST

Credit Suisse upgraded WellCare Health Plans (NYSE: WCG) from Underperform to Neutral with a price target of $115.00 (from $108.00) for the Trump Black Swan event.

Analyst Scott Fidel commented, "The election of Donald Trump as the next President and the Republican sweep of Congress could... More