Missouri Minute: AMC’s majority owner said to be exploring reduced stake; Cigna-Express Scripts nearing approval

Here are today’s top headlines from across Missouri:

AMC Entertainment’s majority owner said to be exploring reduced stake

Dalian Wanda Group, the Chinese conglomerate owned by billionaire Wang Jianlin, is considering a deal to reduce its stake in AMC Entertainment Holdings, Reuters reports, citing people familiar with the matter. Wanda is exploring a plan that would involve Leawood, Kansas-based AMC, the world’s largest cinema operator, raising cash through a convertible bond and buying back some of the Chinese company’s 60 percent stake. Read more

DOJ reportedly nearing approval of Cigna-Express Scripts deal

Antitrust regulators at the U.S. Department of Justice are preparing to approve Cigna’s $54 billion purchase of Express Scripts, The Wall Street Journal reports, citing people familiar with the matter. The deal between Cigna, the Connecticut-based health insurer, and Express Scripts, the St. Louis County-based pharmacy benefits manager, could receive formal approval within the next few weeks, according to The Journal. Read more

St. Ann considering incentives to preserve Save-A-Lot headquarters move

The St. Ann Board of Aldermen is scheduled to meet Thursday to discuss an incentive package designed to keep the headquarters of grocery chain Save-A-Lot in the St. Louis area, a city official said. Save-A-Lot had planned to move its headquarters from another St. Louis suburb, Earth City, to St. Ann. However, that deal hinged on incentives that fell through amid concerns about the deal from the St. Louis County Council. Read more

Steelworkers to vote on strike amid contract stalemate with U.S. Steel

Union steelworkers in the St. Louis area and across the country will vote Thursday about whether to strike against U.S. Steel. A collective bargaining contract between the steelworkers and the Pittsburgh-based steel company ended Sept. 1, but negotiations were extended. The contract includes about 1,200 workers in Granite City, Illinois. Read more

Poplar Bluff nail producer weathers tariffs, hopes for exemption

Labor Day has come and gone and Mid Continent Nail, the Poplar Bluff manufacturer that has been vocal about the adverse effects of the Trump administration’s steel and aluminum tariffs, is still in operation. That’s significant because Mid Continent management said earlier this summer that the company might not survive through Labor Day. Mid Continent’s hopes for long-term survival hinge largely on its application for tariff exemptions. Read more

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