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Cigna Agrees to Buy Express Scripts for $54 Billion

Business Insider
  • Health insurer Cigna has agreed to pay about $54 billion for pharmacy benefits manager Express Scripts.
  • The deal will pay Express Scripts shareholders $48.75 in cash and 0.2434 shares of stock of the combined company for each Express Scripts share, or roughly $96.03 per share.
  • Express Script shareholders will receive a 31% premium to Wednesday's closing price...
Mentions: Morgan Stanley Bank Cigna