Cigna Calls Off Humana Pursuit, Plans Big Stock Buyback

Cigna deserted its pursuit of a tie-up with Humana that may have created a roughly $140 billion large within the health-insurance business.

The businesses couldn’t come to settlement on worth and different monetary phrases, in accordance with individuals accustomed to the matter. Within the close to time period, Cigna is popping its focus towards smaller, so-called bolt-on, acquisitions.