Cigna shares slide after report it could merge with Humana
Publishing timestamp: 2023-11-29 12:50:49
Summary
The article reports that shares of Cigna fell after it was reported that the company is in talks with Humana about a potential merger. The companies are discussing a stock-and-cash deal that could be finalized by the end of the year. This comes after reports that Cigna was exploring the sale of its Medicare Advantage business. Some analysts suggest that offloading this business could help reduce antitrust concerns for the potential merger.
Sentiment: NEUTRAL
Keywords: social issues, cigna corp, weather, breaking news: business, health care industry, humana inc, business, business news,
Source: https://www.cnbc.com/2023/11/29/cigna-shares-slide-after-report-it-could-merge-with-humana.html