Nov 29 (Reuters) – Health insurers Cigna (CI.N) and Humana (HUM.N) are in talks for a merger, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The companies are discussing a stock-and-cash deal that could be finalized by the end of the year, according to the report, without providing details on the deal value
Humana had a market capitalization of roughly $62.84 billion and Cigna had a market value of $83.71 billion, based on Tuesday’s closing prices.
Cigna’s shares were down 4.4% in noon trading, while Humana’s stock was flat.
The companies did not immediately respond to Reuters requests for comment.
Reporting by Manas Mishra in Bengaluru; Editing by Sriraj Kalluvila
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