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US health insurer Cigna scraps deal to buy Humana -WSJ

(Reuters) -U.S. health insurer Cigna has ended its attempt to negotiate an acquisition of rival Humana after the pair failed to agree on price, two sources familiar with the situation said on Sunday, as the company announced plans to buy back $10 billion worth of shares. The discussions came six years after regulators blocked mega-deals that would have consolidated the U.S. health insurance sector. Cigna, however, on Sunday announced plans to do an additional $10 billion in share repurchases,...
Sriraj Kalluvila Mark Porter Juby Babu Manas Mishra Wall Street Journal Bill Berkrot
Source: yahoo.com

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