Plus   Neg

Cigna Under Pressure Following Acquisition Of Express Scripts

After coming under pressure early in the session, shares of Cigna (CI) continue to see considerable weakness in afternoon trading on Thursday. Cigna is currently down by 10.9 percent after hitting its lowest intraday level in seven months.

The steep drop by Cigna comes after the health insurer announced an agreement to acquire pharmacy benefit manager Express Scripts (ESRX) in a cash and stock transaction valued at approximately $67 billion.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Delta Airlines becomes the latest airline to experience pet transport disaster. An 8-week-old puppy was flown across the country to the wrong airports by Delta Airlines landing in Detroit, Las Vegas and Salt Lake City before finally making to Idaho. On Saturday, a breeder put Josh Schlaich's new,... Facebook stock is plunging due to self-inflicted wounds. What was once America's favorite social media site is being a accused of turning into a cesspool of misinformation and narcissism. Facebook Inc.'s security chief, Alex Stamos, plans to step down from the company amid questions over Russia's... Media company Tronc, Inc. said Monday that Michael Ferro has stepped down as chairman of its board of directors. The company named Chief Executive Justin Dearborn as chairman of the board. Tronc noted that Ferro, its largest shareholder, is retiring from the board as the company prepares to close on the $500 million sale of its flagship newspaper, the Los Angeles Times, to local ownership.
comments powered by Disqus
Follow RTT