Cigna, Humana Merger Deal ‘Math Now Works,’ Jefferies Says

 

• Price for Humana of about $420 per share is plausible: Windley
• Humana stock is down 31% since November talks, Cigna up 37%

Cigna Group could resume its abandoned pursuit of Humana Inc. after the stock prices have moved to the point where a deal makes financial sense, according to Jefferies.

The two companies had reportedly been discussing a cash-and-stock deal in November, but talks fell through when the sides couldn’t agree on a price. But now, with Humana’s stock down about 31% since then and Cigna’s up 37%, an acquisition seems plausible, analyst David Windley wrote in a note to clients on Monday.

https://www.bloomberg.com/news/articles/2024-04-22/cigna-humana-merger-deal-math-now-works-jefferies-says