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Cigna Drops Humana Merger, Opts For $10 Billion Buyback Strategy

Benzinga

In a recent development in the health insurance sector, Cigna Corporation (NYSE: CI ) has withdrawn from its proposed merger with Humana Inc. These acquisitions, described as "bolt-on," signify a tactical pivot for the company. NYSE: HUM ).

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What's Going On With Healthcare Insurance Giant Cigna Stock Today?

Benzinga

Cigna Group (NYSE: CI ) and Humana Inc (NYSE: HUM ) are reportedly discussing a merger deal to create a new powerhouse in the health insurance industry. The companies are discussing a stock-and-cash deal that could be finalized by the end of the year, the Wall Street Journal reported , citing people familiar with the matter.

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Why Is Cigna Stock Trading Higher Today?

Benzinga

Cigna Group (NYSE: CI ) shares are trading higher after the company reportedly ended its attempt to negotiate an acquisition deal with rival Humana Inc (NYSE: HUM ) after the pair disagreed on price terms. The company intends to use most of its discretionary cash flow for share repurchase in 2024.

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Top Financial Media Stories Friday, September 23: Apple Resolves iPhone 14 Pro Camera Glitch, Credit Suisse Shares Tumble As It Looks For Capital Infusion, Boeing Penalized $200M For Misleading About 737 MAX Safety And More.

Benzinga

Twitter Inc (NASDAQ: TWTR ) looks to provide more data to external researchers who study online misinformation and moderation to fight growing criticism from global regulators and policymakers. Credit Suisse Group AG (NYSE: CS ) shares fell after reports that the company is looking to raise fresh capital. Wall Street Journal.

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Humana, CVS Health Interested In Acquiring Primary Care Provider

Benzinga

primary care provider Cano Health Inc (NYSE: CANO ) is reportedly exploring a sale and working with advisors after receiving acquisition interest from Humana Inc (NYSE: HUM ) and CVS Health Corp (NYSE: CVS ). Hedge fund Third Point LLC , which owns 6.4%

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Skylight Health Completes Largest Acquisition to date and Enters Medicare Advantage Global Risk

Benzinga

Company plans to expand risk contracts to existing Medicare members in Florida and expansion of payors with the recent Joint Venture announcement with Collaborative Health Systems. TORONTO, May 06, 2022 (GLOBE NEWSWIRE) -- Skylight Health Group Inc. In addition, NMD provides complete management services for over 1,400.

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Skylight Health Executes Definitive Agreement to Acquire NeighborMD to Expand in Florida and Enters Medicare Advantage Global Risk

Benzinga

Company plans to expand risk contracts to existing Medicare members in Florida and expansion of payors with the recent Joint Venture announcement with Collaborative Health Systems. TORONTO, May 03, 2022 (GLOBE NEWSWIRE) -- Skylight Health Group Inc. Full story available on Benzinga.com.

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