Cigna Abandons Humana Merger Talks, Instead Eyes Targeted Acquisitions and Aggressive Share Buybacks

Benzinga

Cigna Group announced Monday it is not pursuing a merger with Humana. The announcement squashes speculation fueled by Donald Trump's reelection, which had raised hopes of reduced antitrust scrutiny for major deals. Cigna stated it would continue pursuing acquisitions that align with its strategic goals and plans to ramp up share buybacks in Q4 and into 2025. Humana’s shares dropped 4%, while Cigna's shares climbed over 7%

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Cigna Group announced Monday it is now pursuing a merger with Humana.

00:05The announcement squashed speculation fueled by Donald Trump's re-election,

00:09which had raised hopes of reduced antitrust scrutiny for major deals.

00:13Cigna stated it would continue pursuing acquisitions that align with its strategic

00:18goals and plans to ramp up share buybacks in Q4 and into 2025.

00:24Humana shares dropped 4 percent, while Cigna shares climbed over 7 percent.

00:28For all things money, visit Benzinga.com slash GSTV.

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