Anthem To Buy Cigna As Insurers Rush To Consolidate

Anthem (ANTM) confirmed Friday that it will buy Cigna (CI) for $48 billion, as the health care industry continues its recent consolidation. Anthem will pay $188 a share, with Cigna shareholders receiving $103.40 in cash and 0.5152 Anthem shares for each share held. The total deal including debt is valued at $54.2 billion. Anthem shares were up 0.8% in premarket trading in the stock market today. Cigna shares edged up 0.4%. Anthem said the deal

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