Cigna Shares Fall After WSJ Reports Combination Talks With Humana
November 29 2023 - 12:07PM
Dow Jones News
By Sabela Ojea
Shares of Cigna Group on Wednesday dropped after The Wall Street
Journal reported that the company is in talks with Humana for a
combination that would create a new powerhouse in the
health-insurance industry.
Cigna shares were recently trading down 5.2%, at $271.31. The
shares are down more than 16% this year.
The companies are discussing a stock-and-cash deal that could be
closed by the end of the year, according to the Journal.
Cigna currently has a market capitalization of about $79
billion, and Humana is valued at about $63 billion.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
November 29, 2023 12:52 ET (17:52 GMT)
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