UnitedHealth Group Inc. (NYSE: UNH) announced that a Special Litigation Committee (SLC) reached a settlement agreement with former CEO Dr. William W. McGuire.
SLC concluded all claims against all named defendants should be dismissed. Dr. McGuire will surrender UNH stock options worth approximately $320 million, interest in retirement plan valued at approximately $91 million, and $8 million in his executive savings plan. UNH has a market cap of $72 billion. UNH over all option implied volatility of 24 is near its 26-week average of 26 according to Track Data, suggesting non-directional risks.
Daily Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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