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Health insurer Cigna to buy Express Scripts in $67 billion deal


(Reuters) - U.S. Corp said on Thursday it would buy Holding Co in a $67 billion cash-and-stock deal, including debt.

Cigna's offer consists of $48.75 in cash and 0.2434 shares of stock of the combined company for each share, amounting to $96.03 per share.

The offer represents a premium of nearly 31 percent to Express Scripts' Wednesday closing price of $73.42.

The deal value includes the assumption of about $15 billion in debt.

(Reporting by in Bengaluru; Editing by Saumyadeb Chakrabarty)

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

First Published: Thu, March 08 2018. 16:45 IST