UnitedHealth had announced the acquisition in June, after competing with Option Care Health. The acquisition was meant to help expand UnitedHealth's presence in home healthcare, a business it bolstered through a $5.4 billion deal to buy Amedisys' rival, LHC Group, last year.
Israeli cybersecurity firm Cato Networks, which was valued at more than $3 billion in a private funding round last year, has hired underwriters for an initial public offering in New York, according to people familiar with the matter. Cato has tapped Goldman Sachs, JPMorgan Chase, and Barclays to lead preparations for a stock market flotation that could come by early 2025, possibly sooner if equity capital markets rebound this year, the sources said, requesting anonymity as the discussions are confidential. Cato is looking to raise more than $500 million, one of the sources said, adding that the company has yet to finalize the valuation it will target at the time of its IPO.
Stellantis, one of the largest automakers in the world, agreed Tuesday to comply with California's vehicle emissions standards that are the toughest in the nation and require zero-emission and plug-in hybrid vehicles to make up 68% of new light-duty vehicle sales by 2030. The move by the company that makes vehicles for Chrysler, Dodge and Jeep was seen as a boost to Democratic Gov. Gavin Newsom's ambitious policies to curtail global warming. The Biden administration restored the state's authority to set its own tailpipe pollution standards for cars in 2022 after former President Donald Trump’s decision to revoke California’s authority to set its own limits on auto emissions.
