Anthem (ANTM) Nears Deal to Acquire Cigna (CI) for $187/Share - WSJ

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Anthem (ANTM) to Acquire Cigna (CI) for ~$188/Share

July 24, 2015 6:01 AM EDT

Anthem, Inc. (NYSE: ANTM) and Cigna Corporation (NYSE: CI) announced that they have entered into a definitive agreement whereby Anthem will acquire all outstanding shares of Cigna in a cash and stock transaction and Cigna shareholders will receive $103.40 in cash and 0.5152 Anthem common shares for each Cigna common share. The total per share consideration equates to approximately $188.00 for each Cigna share based on Anthem's closing share price on May 28, 2015, valuing the transaction at $54.2 billion on an enterprise basis.

The combined company will be an industry leader with enhanced... More