Cigna buys Express Scripts for $67B

Mar. 08, 2018 2:39 AM ETCigna Corporation (CI)CI, ESRX, ELVBy: Yoel Minkoff, SA News Editor17 Comments
  • Cigna (NYSE:CI) is nearing a deal to buy Express Scripts (NASDAQ:ESRX), WSJ reports, and the transaction could be announced as soon as today.
  • In 2015, Cigna agreed to combine with Anthem (NYSE:ANTM), in a deal that was scuttled by regulators, while late last year, Anthem said it would launch its own PBM, dealing a blow to Express Scripts, which is a partner of the health insurer.
  • It's official: The cash and stock transaction is valued at approximately $67B, including Cigna's assumption of approximately $15B in Express Scripts debt.
  • The merger consideration will consist of $48.75 in cash and 0.2434 shares of stock of the combined company per Express Scripts share.
  • ESRX +15.7% premarket

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