- The Department of Justice just cleared Cigna‘s $ 67 billion merger with Express Scripts.
- The deal combines a health insurer and a company that helps negotiate lower prices for prescription drugs in the form of rebates on behalf of health plans.
- Cigna and Express Scripts said Monday that they expect the deal to close by the end of 2018.
The US Department of Justice just cleared Cigna’s $ 67 billion merger with Express Scripts.
Cigna, one of the US’s largest health insurers, announced the deal in March, offering $ 48.75 per share in cash for Express Scripts. The $ 54 billion price tag was a 31% premium to Express Scripts’ stock price at the time, and includes about $ 15 billion worth of Express Scripts’ debt.See the rest of the story at Business Insider
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