Cigna shares jump on reports of abandoned Humana buyout, plans for $10 billion stock buyback
Publishing timestamp: 2023-12-11 10:52:18
Summary
Cigna's shares jumped after reports that it has abandoned its plans to buy Humana due to disagreements on price. Cigna also announced plans to buy back $10 billion worth of shares. The potential merger would have created a health-care conglomerate with a value exceeding $140 billion.
Sentiment: MIXED
Keywords: pharmaceuticals, breaking news, health insurance, humana inc, health care industry, biotechnology, biotech and pharmaceuticals, business news, business, cigna corp,
Source: https://www.cnbc.com/2023/12/11/cigna-shares-jump-on-abandoned-humana-buyout-buyback-plans.html