/cloudfront-us-east-2.images.arcpublishing.com/reuters/IS7A4TKOVJKXJI5NRWNGEAFI3M.jpg "US well being insurers Humana, Cigna in talks to merge – WSJ")
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[1/2]Signage for Cigna is pictured at a well being facility in Queens, New York City, U.S., November 30, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights
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 individuals accustomed to the matter.
The firms are discussing a stock-and-cash deal that may very well be finalized by the top of the 12 months, in accordance with the report, with out offering particulars on the deal worth
Humana had a market capitalization of roughly $62.84 billion and Cigna had a market worth of $83.71 billion, based mostly on Tuesday’s closing costs.
Cigna’s shares have been down 4.4% in midday buying and selling, whereas Humana’s inventory was flat.
The firms didn’t instantly reply to Reuters requests for remark.
Reporting by Manas Mishra in Bengaluru; Editing by Sriraj Kalluvila
Our Standards: The Thomson Reuters Trust Principles.
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