Anthem Announces Definitive Agreement to Acquire Cigna Corporation
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Sterne Agee CRT Upgrades Anthem (ANTM) to Buy
July 27, 2015 7:34 AM EDTSterne Agee CRT upgraded Anthem (NYSE: ANTM) from Neutral to Buy with a price target of $185.00.
For an analyst ratings summary and ratings history on Anthem click here. For more ratings news on Anthem click here.
Shares of Anthem closed at $150.86 yesterday.
... MoreSterne Agee CRT Upgrades CIGNA (CI) to Buy
July 27, 2015 6:55 AM EDTSterne Agee CRT upgraded CIGNA (NYSE: CI) from Neutral to Buy with a price target of $190.00.
For an analyst ratings summary and ratings history on CIGNA click here. For more ratings news on CIGNA click here.
Shares of CIGNA closed at $145.72 yesterday.
... MoreCigna Corp. (CI) Offers Strong Prelim. Q2 Results; Updates FY15 Outlook
July 24, 2015 6:04 AM EDTCigna Corp. (NYSE: CI) announced preliminary financial results for the second quarter 2015.
Consolidated revenues in second quarter 2015 are expected to be approximately $9.5 billion, an increase of 9% over second quarter 2014, reflecting growth in Cigna's targeted customer segments.
Cigna's adjusted income from operations1 for second quarter 2015 is expected to be at least $650 million, or at least $2.50 per share, compared to $559 million, or $2.07 per share, for second quarter 2014. Results reflect strong revenue growth, specialty contributions, and continued effective medical cost... More
Anthem (ANTM) to Acquire Cigna (CI) for ~$188/Share
July 24, 2015 6:01 AM EDTAnthem, 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
