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Health insurer Cigna set to buy Express Scripts - WSJ


(Reuters) - U.S. insurer Corp is close to buying Holding Co, reported on Wednesday, citing people familiar with the matter.

The terms of the potential deal were not known, but a deal could be announced as soon as Thursday, the WSJ said.

had a market value of $41.43 billion as of Wednesday's close, according to Thomson Eikon data.

declined to comment on the report, while could not be immediately reached for comment.

Some of the deals in the sector have faced regulatory hurdles in the recent years, including Anthem Inc's $54 billion deal to buy in 2015.

Last year, Anthem called off the deal after the blocked the merger that would have created the largest U.S. insurer.

CVS Corp agreed to buy insurer late last year for $69 billion in the year's largest corporate deal.

The deal came after Aetna's $37 billion plan to buy insurer was blocked by a over antitrust concerns.

(Reporting by in Bengaluru; Editing by Gopakumar Warrier)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 08 2018. 10:29 IST