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The Wall Street Journal: Cigna reportedly near deal to acquire Express Scripts [MarketWatch]

CIGNA (CI)  More Company Research Source: MarketWatch
Last cigna earnings: 8/2 06:00 am Check Earnings Report
US:NYSE Investor Relations: cigna.com/about-us/investors
PDF Cigna reportedly near deal to acquire Express Scripts Health insurer Cigna Corp. CI, +0.06% is nearing a deal to buy Express Scripts Holding Co., according to people familiar with the matter. A deal could be announced as soon as Thursday, the people said. As of Wednesday, Express Scripts ESRX, -1.56% had a market value of $41 billion, meaning that with a typical premium the transaction could be worth $50 billion or more. Terms of the expected deal couldn’t be learned. St. Louis-based Express Scripts is a pharmacy-benefit manager. Such companies serve as middlemen that help negotiate discounts with drug makers. The combination would be the latest in a flurry of proposed tie-ups in the rapidly changing healthcare-services business. An expanded version of this report appears on WSJ.com. Also popular on WSJ.com: Coca-Cola plans its first alcoholic drink. Facebook really is spying on you, just not through your phone’s mic. [Read more]

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