Deals
Here's Everything Hedge Funds Pitched at Capitalize for Kids
This article is for subscribers only.
PPG Industries Inc., Cigna Corp. and Marriott Vacations Worldwide Corp. are among the companies pitched at the Capitalize for Kids Investors Conference in Toronto. Here are the key takeaways:
BlackRock Inc.’s Mark McKenna recommended Cigna, as he sees an up to 80 percent upside from the purchase of Express Scripts Holding Co. in the 18 months after the deal closes. He added that a few states still need to approve the deal, which is “much easier” to get at this point. McKenna still sees an upside of as much as 40 percent even if the deal doesn’t close.