Steve Wynn to sell shares of Wynn Resorts
 
Steve Wynn to sell shares of Wynn Resorts

Steve Wynn plans to sell shares of Wynn Resorts amid talks from casino regulators over whether he should be forced to cut his stake in the company. ”Mr. Wynn disclosed that he intends to sell all or a portion of the common stock controlled by him,” the company said in a Securities and Exchange Commission filing Wednesday morning. The casino mogul owns 12.1 million shares, or 11.8 percent of the company. The stake is valued at $2.2 billions of Tuesday night. ”If he elects to sell any such common stock, he will seek to conduct such sales in an orderly fashion and in cooperation with the company,” the company said.

Cigna Buys Express Scripts in $54 Billion Deal
 
Cigna Buys Express Scripts in $54 Billion Deal

Cigna Buys Express Scripts in $54 Billion Deal In a statement on Thursday, Cigna said the price includes $48.75 billion in cash and 0.2434 shares of stock of the combined company per Express Scripts share. The move comes as more and more health-care companies attempt to lessen medical expenses by working with middlemen like Express Scripts. Express is the largest remaining independent drug middleman, providing customers with pharmacy benefit management services. According to Bloomberg, Cigna will cover roughly $15 billion in Express’s debt, putting the total value of the deal at $69.6 billion.