Approval was expected after activist investor
Cigna CEO Defends Express Scripts Deal Under Attack By Activist Investor »
"We are delighted that our fellow Cigna shareholders support our merger with
Cigna, based in
In another major deal involving a
Calling the acquisition an "asset lite deal," Gupte said
"In our view, Cigna had to move in this direction as incumbents
"Even Amazon is reported to be building out retail clinics for their consumers," Gupte said.
Icahn blasted the deal and had vowed to try to block it. Cigna's "likely standalone value" is
Shares of Cigna dropped a fraction of 1 percent in morning trading, to
Proxy advisory firm
Icahn also questioned the future of pharmacy benefit managers such as
The billionaire investor said a major reason for the high price of drugs "is the fact that drug companies are forced to give rebates to (pharmacy benefit managers) like
Cigna's disclosure two weeks ago that
"The disclosures of only
When the two companies announced the deal last March,they said the combination will "drive greater affordability," improve links within health care and prescriptions while simplifying health care for customers.
Cordani said in a CNBC interview
___
(c)2018 The Hartford Courant (Hartford, Conn.)
Visit The Hartford Courant (Hartford, Conn.) at www.courant.com
Distributed by Tribune Content Agency, LLC.
E-COMP Names Letty Grijalva As New Director of Partnership Development
North American Health Headlines at 5:21 p.m. EDT
Advisor News
Annuity News
Health/Employee Benefits
Life Insurance