Arab Today, arab today anthem offers to buy cigna in 45bn deal
Last Updated : GMT 09:27:54
Arab Today, arab today
Arab Today, arab today

Anthem offers to buy Cigna in $45bn deal

Arab Today, arab today

Arab Today, arab today Anthem offers to buy Cigna in $45bn deal

US health care giant Anthem
New York - AFP

US health care giant Anthem has offered to acquire rival Cigna in a deal that could fetch $45 billion, the Wall Street Journal reported Monday.

However, two successive Anthem bids were rebuffed by Cigna chief executive David Cordani, whose desire to lead the combined company has become a "stumbling block" to a deal, the newspaper said.

The last offer, at about $175 per share, according to the Journal, would value Cigna at around $45 billion.

Cigna shares surged 14.7 percent to $157.50, while Anthem gained 2.5 percent to $164.73 in afternoon trade following the report.

Conversations between the two companies come amid a wave of consolidation throughout the health care industry in the wake of the US Affordable Care Act.

Pharmaceutical companies and hospitals have also grown through acquisition as different stakeholders seek to bulk up to improve their bargaining positions with other parties.

Anthem, the second biggest US health care company after UnitedHealth Group, had revenues of $73.8 billion in 2014 and works as the licensee for Blue Cross and Blue Shield plans in several US states.

Cigna had 2014 revenues of $34.9 billion.

Neither Anthem nor Cigna responded immediately to queries for comment.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today anthem offers to buy cigna in 45bn deal Arab Today, arab today anthem offers to buy cigna in 45bn deal

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today anthem offers to buy cigna in 45bn deal Arab Today, arab today anthem offers to buy cigna in 45bn deal

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday