Reported 13 days ago
Cigna has announced it is not pursuing a merger with Humana, leading to a rise in Cigna's shares while Humana's stock fell. This decision comes shortly after the U.S. election, amid investor speculation that a Republican government might lessen antitrust concerns for such deals. Cigna is focusing on strategic acquisitions and share buybacks instead, as it prepares for upcoming investor meetings.
Source: YAHOO