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Cigna shares slide after report it could merge with Humana - TL;DR CNBC

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

Tickers: CIHUM

Keywords: social issuescigna corpweatherbreaking news: businesshealth care industryhumana incbusinessbusiness news

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


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