Cigna (CI -1.6%) plans to sell 15M shares to help fund its pending $3.8B deal to acquire...

|About: Cigna Corp. (CI)|By:, SA News Editor

Cigna (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.