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Cigna (CI -1.6%) plans to sell 15M shares to help fund its pending $3.8B deal to acquire...
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Wednesday, November 16, 2011, 9:44 AM ETCigna (CI -1.6%) plans to sell 15M shares to help fund its pending $3.8B deal to acquire Medicare carrier HealthSpring (HS). Cigna earlier this month sold $2.1B of debt, and the equity issuance at Tuesday’s closing price would bring in ~$750M.
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