Aetna will spend $3.3 billion to buy back more than 20 million shares of its stock after the health insurer's board authorized more repurchases last week. Aetna will pay each dealer $1.65 billion and is using available cash to fund the deals. That announcement came a few days after Aetna called off its roughly $34 billion acquisition of Medicare Advantage...
Former Aetna CEO Ron Williams weighs in on what changes could be ahead for the Affordable Care Act and consumers.
Aetna is doubling the quarterly dividend it pays shareholders and buying back stock as it regroups from its failed attempt to acquire rival health insurer Humana. The Hartford, Connecticut, insurer had said Tuesday that it was calling off plans to buy Humana Inc. for roughly $34 billion. Aetna had paused its dividend increases after announcing the Humana bid...
NEW YORK— A court has granted Blue Cross- Blue Shield carrier Anthem a restraining order to block its smaller rival Cigna from terminating a buyout deal, which has already been blocked by a federal judge. Cigna had sued to terminate the $48 billion deal, accusing Anthem of breaching the agreement. A hearing is scheduled for the week of April 10 in the Delaware...
It was a rough Valentine's Day for the U.S. health insurance industry. Aetna said it was abandoning its planned $34 billion purchase of Medicare Advantage provider Humana early Tuesday. Then, later in the day, Cigna said it is suing Anthem to kill a $48 billion acquisition bid.
INDIANAPOLIS— Health insurers Anthem and Cigna are now trading lawsuits instead of working together to salvage a shaky $48- billion buyout agreement. The two companies announced Anthem's plan to buy Cigna in 2015 a few weeks after two other insurers, Aetna Inc. and Humana Inc., announced a separate deal. Aetna and Humana announced Tuesday they were ending...
It was a rough day for the already-roiled U.S. health insurance market: One giant merger was abandoned, another is threatened by infighting, and a major insurer announced it will stop selling coverage on public exchanges in 11 states. Aetna said it was abandoning its planned $34 billion purchase of Medicare Advantage provider Humana early Tuesday.
Dr Pepper Snapple Group Inc., down 42 cents to $93.07. General Motors Co., up $1.72 to $37.24. French automaker PSA Group said it might buy GM's struggling European unit Opel.
Last week, a federal judge blocked the deal, saying it would lead to higher prices and reduced competition.
Cigna says it is rejecting Anthem's proposed $48 billion acquisition bid and suing the Blue Cross- Blue Shield insurer. The announcement comes hours after another major insurer, Aetna, said it was abandoning its planned $34 billion purchase of Medicare Advantage provider Humana. Cigna Corp. says it is seeking a $1.85 billion termination fee from Anthem and...
CNBC's Bertha Coombs reports the latest on how Cigna is suing Anthem and expanding its buyback program to a total of $3.7 billion.
CNBC's Bertha Coombs reports the latest on Anthem responding by saying Cigna does not have the right to terminate the deal.
CNBC's Bertha Coombs reports the latest on Aetna and Humana ending their merger agreement after a court sided with the Justice Department objections to the combination.
BLOOMFIELD, Conn.— Cigna says it is ending Anthem's proposed $48 billion acquisition bid and seeking a $1.85 billion termination fee.
Blue Cross- Blue Shield carrier Anthem Inc. is attempting to buy Cigna Corp. for $48 billion. The deal would have given Aetna the opportunity to significantly expand its presence in Medicare Advantage coverage, which involves privately run versions of the federal Medicare program for people who are over 65 or disabled. Regulators worried, in particular, about...
Anthem will appeal a federal court ruling rejecting its $54 billion merger with Cigna and asked for an expedited hearing to make its case.
Is the end near for the Anthem-Cigna deal? CNBC's Bertha Coombs reports on where the deal currently stands.
Cigna Corp., up 30 cents to $148.14. Twitter Inc., down $2.31 to $16.41. Dunkin' Brands Inc., up $2.16 to $54.13.
A federal judge blocked Anthem's proposed $54-billion acquisition of its smaller rival Cigna.
Coca-Cola, Twitter, Anthem, and Cigna stocks are making headlines on Walll Street.