Humana’s $1.75 Billion Accelerated Stock Repurchase Agreement


Fried Frank advised Humana in the deal.

Humana entered into accelerated stock repurchase (ASR) agreements with Citibank and JPMorgan Chase Bank to repurchase an aggregate of US$1.75 billion of Humana’s common stock as part of the US$3 billion share repurchase program that Humana announced July 31, 2019.

Humana is an American health insurance company based in Louisville, Kentucky.

The Fried Frank team was led by corporate partner Robert M. McLaughlin (Picture) and included corporate partners Joshua Wechsler, Jessica Forbes, and Brian T. Mangino; tax partner Joseph E. Fox; corporate special counsel Dave N. Rao; corporate associate Charles Thompson; and tax associate Ryan L. Conley.

Involved fees earner: Ryan Conley – Fried Frank Harris Shriver & Jacobson; Jessica Forbes – Fried Frank Harris Shriver & Jacobson; Joseph Fox – Fried Frank Harris Shriver & Jacobson; Brian Mangino – Fried Frank Harris Shriver & Jacobson; Robert McLaughlin – Fried Frank Harris Shriver & Jacobson; Dave Rao – Fried Frank Harris Shriver & Jacobson; Charles Thompson – Fried Frank Harris Shriver & Jacobson; Joshua Wechsler – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: Humana Inc.;

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Author: Ambrogio Visconti