Health insurer Cigna Corp. is buying Express Scripts in a cash and stock deal valued at $67 billion. Express Scripts shareholders will receive $48.75 in cash as well as 0.2434 shares of the new combined company per share. Cigna also will assume about $15 billion in Express Scripts debt. Cigna shareholders will own about 64 percent of the combined company, with Express Scripts shareholders holding the remaining 36 percent. Cigna will expand its board for the newly merged company to 13 directors,…
from https://www.bizjournals.com/baltimore/news/2018/03/08/cigna-to-acquire-express-scripts-in-67-billion.html?ana=RSS&s=article_search
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