The DOJ just approved Cigna’s $67 billion merger with Express Scripts (ESRX, CI)

Cigna CEO David Cordani

  • 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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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of and Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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