Icahn to send letter to oppose Cigna-Express Scripts deal - WSJ
Investor Carl Icahn will send an open letter to the shareholders of insurer Cigna Corp
Icahn and his affiliates own about 0.56 percent of Cigna, which is worth over $250 million as of Monday`s market close, the Journal reported, citing people familiar with the matter. https://on.wsj.com/2voopWB
"Cigna is dramatically overpaying for a highly challenged Express Scripts that is facing existential risks on several fronts," said the letter, which the newspaper reported would be made public on Tuesday.
Animal vs Sam Bahadur Box Office Collection Day 9: Animal crosses Rs 600 crore club, beats Sam Bahadur | Check day-wise collection
Post Office Time Deposit Scheme: Interest up to 7.5%, guaranteed returns, fixed income, preclosure rules, other benefits
India vs South Africa 1st T20I Free Live Streaming: When and Where to watch IND VS SA T20I series Match LIVE on Mobile Apps, TV, Laptop, Online
NPS (National Pension System): How to create a corpus of Rs 5 crore with Rs 442 investment/day? After retirement, you will get Rs 2.5 lakh every month
Animal Box Office Collection: Ranbir Kapoor-starrer touches Rs 600 crore mark worldwide | Check OTT release details
Vehicle Insurance Policy: If your car drowns during flood or storm, can you claim insurance? Know rules
Express Scripts spokesman Brian Henry told Reuters on Monday that the company remained confident in the deal. Cigna and a representative for Icahn did not respond to a request for comment outside regular business hours.
Investors have expressed concern over the Cigna-Express Scripts deal because of the growing presence of Amazon.com
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)