Walmart Inc (NYSE:WMT) is at the moment looking into the possibility of moving ahead to acquire Humana Inc (NYSE:HUM) which happens to be a health insurer .And on the same note is crucial to mention that the news came up on Thursday.
In other reports, it has also been revealed that the two business giants have for over quite some time considered the possibility of striking a partnership. However, that is not in any way to downplay the possibility of a full acquisition.
The after-hours trade on Thursday was a remarkable one and that is in close consideration of the fact that Humana shares soared up by a margin of about 13%.On the other hand, a person familiar with the latest developments stated that the shares of Walmart had edged slightly in the extended trade though the company continues to uphold its optimism for a brighter future.
To this point in time, the two business giants haven’t yet unveiled the specific details regarding the deal. A number of the market observers who have for over quite some time followed the matter keenly have outlined that there is the chance that one of the two deals might not end up materializing. However, that is no cause for alarm and all we need to do for now is just to wait and see the way matters unfold on the long run.
As it is usually the case with journalists, a number of them approached several Walmart officials seeking to get them to comment in relation to the latest developments.
It wasn’t a god turn this time around after the officials declined to make even a single comment on the matter taking the strong stand that they were very much against making comments on speculations. On the other hand, Humana took quite a huge deal of time to make its response.
The jump in shares was a great thing for Walmart which has been working pretty hard to sharpen its competitive edge in a market characterized with stiff competition. Humana closed with a market value of $37 billion and it is looking forward to great times ahead.