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0.00085226757575213 0.000997334397156608 -0.00353600377173744 -0.0061472065570203 0.000130560139264153 0.000453333816889405 -0.00172266850417982 0.00284693637006535
Stock impact report

Cigna Confirms It Won't Pursue Combination With Rival Humana [Yahoo! Finance Canada]

Humana Inc. (HUM) 
Last humana inc. earnings: 4/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: humana.gcs-web.com
(Bloomberg) -- Cigna Group said it won't pursue a combination with rival insurer Humana Inc. after reports the two companies had renewed discussions of a deal. Most Read from Bloomberg The company “remains committed to its established M&A criteria and would only consider acquisitions that are strategically aligned, financially attractive, and have a high probability to close,” according to a statement Monday. Cigna shares jumped by 8.7% at the New York market open, while shares in Humana dropped by 6%. The two health insurance giants, with a combined market value of roughly $125 billion, held talks about a deal last year, but Cigna walked away after the two companies failed to agree on a price, Bloomberg News reported in December. The discussions were revived as the US government intensified its effort to control Medicare costs that have eaten away at Humana's finances and market value, Bloomberg News reported. The statement “is motivated by renewed speculation” about the Show less Read more
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