Cigna shares slide after report it could merge with Humana

The Cigna Group headquarters in Bloomfield, Connecticut, US, on Friday, Oct. 27, 2023.

BlooJoe Buglewicz | Bloomberg | Getty Images

Shares of Cigna slid on Wednesday after a report that the company is in talks with Humana about a merger between the two health care giants.

Spokespeople for Cigna and Humana did not immediately respond to requests for comment on the report from the Wall Street Journal, which cited people familiar with the matter.

The companies are discussing a stock-and-cash deal that could be finalized by the end of this year, the people told the Journal.

Shares of Cigna fell more than 2% on Wednesday, while Humana’s stock was relatively flat.

This is breaking news. Please check back for updates.

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