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Cigna Agrees to Buy Express Scripts for More Than $50 Billion


By Updated March 8, 2018 6:59 a.m.


ET Health insurer Cigna Corp. plans to Buy Express Scripts Holding Co. in a cash-and-stock deal worth $52 billion, excluding debt, that the companies say will expand their health care offerings and help them control costs.


Under the terms of the agreement, Express Scripts shareholders will receive $48.75 in cash and 0.2434 shares in the combined company for each Express Scripts share.


The consideration amounts to about $96.03 for each Express Scripts share, a 31% premium over Express Scripts’ Wednesday closing price of $73.42.


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READ MORE (Wall Street Journal)


  • Health insurer Cigna to buy Express Scripts in $67 billion dealCNBC
  • Health insurer Cigna set to buy Express Scripts, Wall Street Journal reportsSTLtoday.com
  • Cigna Set To Buy Express Scripts In Latest Sweeping Health DealInvestor's Business Daily
  • With Standalone PBMs Under Fire, Cigna Closes In On Express ScriptsForbes
  • Health insurer Cigna set to buy Express Scripts: WSJReuters
  • Health insurer Cigna set to buy Express ScriptsNasdaq
  • Express Scripts (NASDAQ:ESRX) Issues Q1 Earnings GuidanceThe Ledger Gazette
  • Cigna Nears Deal to Buy Express ScriptsFox Business
  • Decreases Stake in Express Scripts Holding (ESRX)GkMen


This post first appeared on The 5th News, please read the originial post: here

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Cigna Agrees to Buy Express Scripts for More Than $50 Billion

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