Glenview Capital was told that 2900 employees to be laid off. Most are at Aetna. Glenview is rarely involved in Activist activities. Glenview will get a board seat. The stock is up 3%. There is probably a spin off coming. KL may be toast.
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KL needs to go. She did nothing when President of Aetna. CVS should have never been allowed to purchase Aetna. CVS is driving Aetna into the ground.
Used this opportunity to reduce risk in the portfolio.
OMG. I’m sure that the people posting here were not in the meetings so this information is worthless.
If they're involved KL could be ousted in the next few weeks if not sooner. The decisions she has made have really sc--wed this company up.
Glenview is in no position for a big move. Glenview is committing $700 million of $2.5 billion. That is a lot. I doubt a big spin off like Aetna. I expect a dump of Medicare Advantage and some Medicaid businesses. Some pharmacy businesses might go to Express Scripts. Glenview will increase cash reserves, stop the acquisitions, dump KL, and buyback shares and wave goodbye.
I hope KL is toast! Do you mean spin off Aetna?