Newspaper article The Florida Times Union

Morning Briefs

Newspaper article The Florida Times Union

Morning Briefs

Article excerpt

CERIDIAN SHAREHOLDERS OK FIDELITY DEAL

Ceridian Corp. Wednesday said its shareholders approved a $5.3 billion buyout offer from a partnership led by Jacksonville-based Fidelity National Financial Inc. and Thomas H. Lee Partners L.P.

Minneapolis-based Ceridian also said all seven members of its board of directors were re-elected at Wednesday's shareholders meeting.

Ceridian reached an agreement over the weekend with Pershing Square Capital Management, which had been seeking to replace the board, in which Ceridian will appoint four additional directors designated by Pershing to the board.

Also Wednesday, Jacksonville-based Fidelity National Information Services Inc. said it completed its $1.8 billion acquisition of eFunds Corp. Shareholders of Scottsdale, Ariz.-based eFunds approved the deal last week.

Mark Basch/The Times-Union

HCA, HUMANA REACH NEW CONTRACT TERMS

HCA Inc. and Humana Inc. have reached agreement on a new two-year contract that allows Humana commercial and Medicare members in Northeast Florida to have access to care at Memorial Hospital and Orange Park Medical Center.

Under the arrangement, up to 80,000 Humana members will pay in-network, or lower rates, for procedures and medical care they get at the area HCA hospitals.

Urvaksh Karkaria/The Times-Union

OIR DENIES RATE INCREASE FROM THE HARTFORD

State insurance regulators denied rate filings submitted by insurance companies of The Hartford Financial Services Group.

Hartford requested several rate hikes including a statewide average rate increase of 29.5 percent for its homeowners business, a 50.5 percent rate increase for its dwelling fire business and a 100 percent increase for its AARP dwelling fire program.

The filings submitted were not actuarially justified and lacked supporting information, the Florida Office of Insurance Regulation said. …

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