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You might not even be able to have it destroyed humanely. Your sick comparison weakens your argument.Cigna Announces Acquisition of HealthSpring
Cigna Corporation (NYSE:CI) announced they have signed a definitive agreement with Healthspring (NYSE:HS) to acquire the company for $55 per share in cash, a 37% premium over the closing stock price on Friday October 21. The total value of the transaction will be approximately $3.8 billion.
Cigna said in the announcement that HealthSpring's proven leadership team will lead an expansion of the Seniors and Medicare businesses in the company. The business combination is expected to be accretive to Cigna earnings per share in the first full year of operations.
David M. Cordani, President and Chief Executive Officer said, "HealthSpring is a great fit with Cigna's growth plans to expand into the Seniors and Medicare segment through a premier business and trusted brand name. Our two companies share a common strategic vision and philosophy that we create customer value by partnering with health care professionals, and use information and incentives to deliver high-quality, differentiated programs."
Cigna (NYSE:CI) has potential upside of 19.7% based on a current price of $45.04 and an average consensus analyst price target of $53.90.
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