Cigna (CI) Rejects $184/Share Offer from Anthem (ANTM)

CIGNA (CI) PT Raised to $175 at Leerink Partners as Anthem (ANTM) Deal Seen Coming to Fruition

Leerink Partners analyst Ana Gupte raised her price target on Outperform-rated CIGNA (NYSE: CI) to $175.00 (from $160.00) after the Anthem (NYSE: ANTM) conference call suggested a deal will come to fruition.

Gupte commented, "On Monday ANTM (OP)... More

Anthem (ANTM) Reaffirms $184/Share Proposal to Acquire Cigna (CI)

Anthem (NYSE: ANTM) reiterated its commitment to its non-binding June 20, 2015 proposal to acquire Cigna Corporation (NYSE: CI) for $184 per share in cash and stock. At the same time, Anthem also announced that it will hold a conference call and webcast at 11:00 a.m. Eastern Daylight Time (EDT) on Monday, June 22, 2015, to review the proposal.

Joseph Swedish, president and chief executive officer of Anthem, commented, The proposal we submitted to Cigna... More

CIGNA (CI) PT Raised to $160 at Leerink Partners Amid Anthem (ANTM) Bid

Leerink Partners analyst Ana Gupte reiterated an Outperform rating and boosted her price target on CIGNA (NYSE: CI) to $160.00 (from $150.00) after Anthem (NYSE: ANTM) made a hostile bid for CI (OP) at an attractive $184 per share in cash and stock which CI later rejected.

ANTM's offer involves one-third stock/two-thirds... More

Cigna Corp. (CI) Rejects Anthem (ANTM) Bid

Cigna Corporation (NYSE: CI) confirmed today it received a highly conditional, non-binding proposal from Anthem, Inc. (NYSE: ANTM) on June 20, 2015.

Cignas Board of Directors has carefully reviewed this proposal consistent with the companys continued focus on maximizing shareholder value and creating differentiated value for its customers, clients and other stakeholders in a dynamic, rapidly-evolving healthcare environment.

Based on a number of factors in the proposal and unaddressed concerns regarding the ability to achieve the benefits of a potential... More

Aetna (AET) Offers to Acquire Humana (HUM) - WSJ

Aetna (NYSE: AET) made an offer to acquire Humana (NYSE: HUM) over the past couple of days, the Wall Street Journal reported. It is unclear the amount of the offer. News of the offer comes the... More

Anthem (ANTM) Offers $184/Share for Cigna Corp. (CI)

Anthem, Inc. (NYSE: ANTM) announced that it has submitted a non-binding proposal to acquire Cigna Corporation (NYSE: CI) for $184 per share in cash and stock. The proposed combination would create a premiere health benefits company with critical diversification and scale to lead the transformation of health care delivery for consumers. The combined company would be an industry leader with greater than $115 billion in annual revenues, based on the most recent 2015 outlook publicly reported by both companies. Together Anthem and Cigna would gain meaningful diversification covering approximately 53 million combined medical members... More