US health insurers Humana, Cigna in talks to merge
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© Reuters. FILE PHOTO: Signage for Cigna is pictured at a health facility in Queens, New York City, U.S., November 30, 2021. REUTERS/Andrew Kelly/File Photo
(Reuters) -Health insurers Cigna (NYSE:) and Humana (NYSE:) are in talks for a merger, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The companies are discussing a stock-and-cash deal that could be finalized by the end of the year, according to the report, without providing details on the deal value
Humana had a market capitalization of roughly $62.84 billion and Cigna had a market value of $83.71 billion, based on Tuesday’s closing prices.
Cigna’s shares were down 4.4% in noon trading, while Humana’s stock was flat.
The companies did not immediately respond to Reuters requests for comment.
Original: Stock Market News: US health insurers Humana, Cigna in talks to merge