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0.000228832951945035 -0.000629290617849048 0.00519336384439364 0.00208867276887863 0.000364988558352324 -0.00943935926773459 -0.0137585812356979 -0.0149313501144166
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Cigna to Buy Express Scripts as Health Shakeout Speeds Up [Bloomberg Business News]

CIGNA (CI)  More Company Research Source: Bloomberg Business News
Last cigna earnings: 8/2 06:00 am Check Earnings Report
US:NYSE Investor Relations: cigna.com/about-us/investors
PDF Cigna Corp. agreed to buy Express Scripts Holding Co . in an about $54 billion deal that builds on the rapid transformation of the health-care business as companies and consumers chafe at rising costs. The price includes $48.75 in cash and 0.2434 shares of stock of the combined company per Express Scripts share, the companies said in a statement Thursday. The terms represent a roughly 31 percent premium to Express Scripts’ closing price on Wednesday, according to the statement. Cigna will assume approximately $15 billion in Express Scripts debt, which the companies said will put the total value of the deal at $69.6 billion. Express Scripts is the largest remaining independent drug middleman. Its biggest competitors are the pharmacy-benefits management companies run by CVS Health Corp. and UnitedHealth Group Inc. The transaction is the latest in a series of moves by companies inside and outside the health sector to tame medical expenses. M [Read more]

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