Skip to main content

Market Overview

Does Anthem Want Cigna For $175/Share? Some Investors Are Buying Into The Rumor

Share:

According to Dow Jones, Anthem Inc (NYSE: ANTM) has initiated a takeover bid for CIGNA Corporation (NYSE: CI) at $175 per share. That's a premium of about 17 percent -- Cigna shares are up a little over 13 percent on the report.

Cigna's insurance subsidiaries provide major medical, dental, disability, life, and accident protection to clients throughout the United States and select international markets. Most of the services themselves are provided by other groups. The company also offers Medicare and Medicaid products and services.

Related Link: Cigna CEO: Low Interest Rate Mutes Investment Gains

Anthem, meanwhile, is the largest for-profit managed healthcare company in the Blue Cross and Blue Shield Association. One in nine Americans receive medical coverage from Anthem-affiliated plans.

Merger rumors have been abound in the healthcare industry of late.

Humana Inc (NYSE: HUM), another insurance provider, has been at the center of speculation, with Cigna and Aetna Inc (NYSE: AET) serving as potential suitors according to the Wall Street Journal.

 

Related Articles (CI + WLP)

View Comments and Join the Discussion!

Posted-In: Aetna Inc. Anthem Inc. Humana Inc. Cigna Corp.M&A News Rumors Intraday Update Movers

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com