Advertisement

Los Angeles-based Maxicare Health Plans Inc. confirmed...

Los Angeles-based Maxicare Health Plans Inc. confirmed that its Northern California subsidiary, Maxicare Northern California, will terminate its Medi-Cal Prepaid Health Plan contract as if Jan. 31 . . . Holly Farms Corp., the chicken producer seeking to avoid a takeover by Tyson Foods Inc., said it would appeal a decision by the Delaware Chancery Court halting its merger agreement with the food conglomerate Conagra Inc. . . . Carolco Pictures said its television unit agreed to pay more than $40 million to Hemdale Communications for U.S. syndication rights to 40 films, including “Platoon” and “The Last Emperor” . . . Continental Corp. has completed the sale of its two life insurance units for about $150 million in cash. Commercial Life was sold to Sun Life Insurance Co. of America, a subsidiary of Kaufman & Broad Inc., and UNUM Corp. Loyalty Life has been sold to NFU Acquisition Co. . . . Tokyo-based Dai-Ichi Kangyo Bank Ltd. said it is selling its Chicago retail operations to First American Bank Corp. of Elk Grove Village, Ill., so it can focus on business banking. Terms were not disclosed.


Advertisement
Advertisement