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Biotech / Medical : Oxford Health Plan (OXHP)

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To: Thomas Haegin who wrote (873)	1/31/1998 10:27:00 AM
From: Premier	Read Replies (1) of 2068

New York Times reported today that AET wants to divest of its life insurance business in order to concentrate and gain competitive advantage in health care business. One analyst believes that its life business could fetch $1.3B. AET CEO was saying that AET wants to grow by acquisitions. AET had bought a small 40,000 member firm in September. The rumoured price was $22 for OXHP. Since other firms also seem to be interested in Oxford this $22 price will not be acceptable. The rumours of Oxford's death by merger are not premature. LP please make note! Premier

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