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Health insurers Humana, Cigna in talks to merge – WSJ
© Reuters. FILE PHOTO: Signage for Cigna is pictured at a health facility in Queens, New York City, U.S., November 30, 2021. REUTERS/Andrew Kelly/File Photo
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(Reuters) – Health insurers Cigna (NYSE:) and Humana (NYSE:) 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.
Cigna’s shares were down 3.5% in noon trading, while Humana’s stock was flat.
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.
The companies did not immediately respond to Reuters requests for comment.
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