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US: Aetna close to buying Humana

By  |  June 25, 2015

US health insurer Aetna is close to buying rival Humana Inc (HUM.N) and a deal could be signed as early as this weekend, Bloomberg reported, citing people familiar with the matter.

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    Humana has also received an offer from Cigna but Humana’s board prefers the offer from Aetna, Bloomberg reported.

    Aetna and Humana were in talks, a source familiar with the matter told Reuters on Thursday, adding that there was no certainty Aetna would prevail. Cigna is also in the running.

    Aetna made a formal bid this week in the form of cash and stock, the people said. While the exact offer details weren’t available, any proposal would probably value Humana above its $28 billion market capitalization as of Wednesday’s close.

    Full content: Bloomberg

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