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Cigna Corp. (CI)

  • May. 10, 2012, 5:52 PM
    Cigna (CI) agrees to acquire American Financial Group's (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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  • Nov. 16, 2011, 9:44 AM
    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.
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  • Oct. 24, 2011, 8:41 AM
    More on Cigna (CI +2.9%) / HealthSpring (HS +34%) deal: Cigna will pay about $3.8B to buy HealthSpring in an acquisition that boosts Cigna's Medicare Advantage ops. The $55/share price represents a 37% premium over HS's Friday close of $40.16. (PR .pdf)
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  • Oct. 24, 2011, 8:09 AM
    CNBC reports Cigna (CI) is to buy managed care provider HealthSpring (HS) for $55/share in cash. HS +33% premarket.
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  • Sep. 27, 2011, 12:39 PM
    Cigna (CI +3.4%) trades up today after saying it was acquiring British company FirstAssist Insurance Services from Barclays Private Equity for £71M ($110M).
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  • Jun. 9, 2011, 3:23 PM
    Shares of Aetna (AET +3.7%) and Cigna (CI +4.6%) jump amid speculation that the two health insurers should merge. Barclays analyst Josh Raskin describes a setup where Aetna could pay as much as $16.1B for Cigna.
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Company Description
Cigna Corp is a health services organization with insurance subsidiaries that are providers of medical, dental, disability, life and accident insurance and related products and services.
Sector: Healthcare
Country: United States