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Cigna Group Newsroom
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The cigna group clarifies that it will not seek to merge with Humana in the future and will actively repurchase stocks.
Gelonghui November 12th | The Cigna Group stated on Monday that it will not seek to merge with its competitor Humana, and is still focused on an acquisition that is 'strategically consistent, financially attractive, and likely to be completed'. Earlier reports suggested that Cigna had restarted plans to merge with Humana, with both parties having terminated acquisition negotiations last year due to failure to reach a price agreement. Cigna also stated that it is expected to actively repurchase stocks in the fourth quarter and in 2025, and will announce this news before meeting with investors and analysts in the coming weeks. Analysts point out that after the U.S. presidential election, Humana's stock price rose as investors bet on President Trump.
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U.S. stocks are unusual｜The cigna group rose by 7.5%, giving up the merger with humana and continuing to actively buy back stocks
The Cigna Group, a giant in the American medical insurance business, is now up 7.5% at $343.74 on November 11th. In terms of news, the company's merger talks with Humana have once again fallen through. Cigna announced that it will not merge with Humana, emphasizing in a statement that the company will continue to adhere to its established M&A standards, only considering acquisitions that are strategically significant, financially attractive, and have a high probability of completion. The company also plans to continue actively repurchasing stocks in the fourth quarter and in 2025, using the majority of the proceeds from the sale of its medical insurance business. Currently, the balance of share buyback authorization is $5.3 billion. (Gelonghui)
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The cigna group (CI.US) abandons the merger with humana (HUM.US) to focus on share buyback and growth prospects.
Health insurance company the cigna group's merger negotiations with humana have once again collapsed, the cigna group announced that it will not merge with humana.