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Cigna (NYSE:CI) agrees to acquire American Financial Group's (NYSE:AFG) supplemental health...

May 10, 2012 5:52 PM ETThe Cigna Group (CI) StockCI, AFGBy: Carl Surran, SA News Editor

Cigna (NYSE:CI) agrees to acquire American Financial Group's (NYSE:AFG) supplemental health insurance group for ~$295M in cash. CI says the deal provides significant opportunities for growth; AFG expects an after-tax gain of $95M-$105M from the sale, which is expected to close in H2 2012.

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