Cigna, Humana Merger Deal ‘Math Now Works,’ Jefferies Says

Cigna Group could resume its abandoned pursuit of Humana Inc. after the stock prices have moved to the point where a deal makes financial sense, according to Jefferies. The two companies had reportedly been discussing a cash-and-stock deal in November, but talks fell through when the sides couldn’t agree on a price. But now, with Humana’s stock down about 32% since then and Cigna’s up 36%, an acquisition seems plausible, analyst David Windley wrote in a note to clients on Monday.

Read the full article: Cigna, Humana Merger Deal ‘Math Now Works,’ Jefferies Says //

Source: https://www.bloomberg.com/news/articles/2024-04-22/cigna-humana-merger-deal-math-now-works-jefferies-says

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