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-0.000462550983108607 0.000172662601684689 -0.00352312552802139 -0.00225269835843496 -0.0050245394557144 -0.0065138265786069 -0.00693018021009412 -0.00531327290334774
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Cigna Stock Slammed After $70 Billion Express Scripts "Defensive Deal" [zero hedge]

CIGNA (CI)  More Company Research Source: zero hedge
Last cigna earnings: 8/2 06:00 am Check Earnings Report
US:NYSE Investor Relations: cigna.com/about-us/investors
PDF Update: Cigna Shareholders appear notably disappointed by this so-called "defensive deal," slamming the shares down over 10% (as ESRX jumps 12%). We note the combined market cap of the companies is modestly lower now - after the announcement...Some have suggested that Cigna's weakness is a removal of an acquisition premium based on hope that Amazon might have taken them out (prior to this deal).A “defensive deal” may surprise and disappoint the Street, wrote JPMorgan's Gary Taylor. Like CVS Health Corp.’s pending acquisition of the insurer Aetna Inc., Taylor sees the value but questions if it’s “worth the squeeze” for added debt for Cigna. The deal would leave Anthem to stand alone among the big five health insurers without an owned and integrated pharmacy benefit manager.*  *  *In the latest sign that investors are seeing a replay of the health-care consolidation wave from 2015, Bloomfield, Conn. health insurer Cigna Corp. is reportedly nearing a deal to buy Express Scripts Holdings [Read more]

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