Cigna shares slide after report it could merge with Humana

[Northeast Agent]

https://www.cnbc.com/2023/11/29/cigna-shares-slide-after-report-it-could-merge-with-humana.html

The rumored deal comes after reports earlier this month that Cigna was exploring a sale of its Medicare Advantage business, which manages government health insurance for people aged 65 and older. A Cigna spokesperson at the time said the company does not comment on “rumors or speculation.”

 

[Russ]

They need to merge with someone that has a solid provider base, unlike Cigna.

 

[axeman462]

the big question is, will it be allowed?

 

[Todd King]

I've already been told that it's not happening. We'll see

 

[axeman462]

I've already been told that it's not happening. We'll see

thats my expectation as well

 

[Northeast Agent]

https://www.reuters.com/markets/dea...eQwiIfeRBHUw3xt98JU0TscPoOtKGN5EPg_5vlsYGhMYU

U.S. health insurer Cigna (CI.N) has ended its attempt to negotiate an acquisition of peer Humana (HUM.N), two sources familiar with the situation said on Sunday, as the company announced plans to buy back $10 billion worth of shares.

The deal could have exceeded $60 billion in value but was certain to attract fierce antitrust scrutiny.

The deal talks ended due to the parties not being able to agree on price, two sources familiar with the situation said. There remains the possibility of a tie-up in the future, those sources said.

 

[wehotex]

https://www.reuters.com/markets/dea...eQwiIfeRBHUw3xt98JU0TscPoOtKGN5EPg_5vlsYGhMYU

U.S. health insurer Cigna (CI.N) has ended its attempt to negotiate an acquisition of peer Humana (HUM.N), two sources familiar with the situation said on Sunday, as the company announced plans to buy back $10 billion worth of shares.

The deal could have exceeded $60 billion in value but was certain to attract fierce antitrust scrutiny.

The deal talks ended due to the parties not being able to agree on price, two sources familiar with the situation said. There remains the possibility of a tie-up in the future, those sources said.

 

[MedicareAgent]

I was told contracts have been written so it's still in the works, a crap company merging with another crap company, great strategy.

 

[MedSuppPro]

Cigna announces merger and their stock plummeted. Then, Cigna says no merger deal and announces an additional $10 billion in share repurchases, bringing total repurchases $11.3 billion. Interesting

 

[InsuranceGuy29]

Cigna announces merger and their stock plummeted. Then, Cigna says no merger deal and announces an additional $10 billion in share repurchases, bringing total repurchases $11.3 billion. Interesting

Sounds like a nice little setup/insider trading Christmas bonus to me.