After antitrust concerns scuttled health care mergers in 2017—including Cigna’s $54 billion deal with Anthem—America’s fourth largest health insurer faced an uncertain future. While some of its rivals pulled out of the public Obamacare marketplaces due to profitability pressures, Cigna has largely stayed the course. And in March, the company finally scored the deal it was waiting for, agreeing to buy Express Scripts for $52 billion. Although the merger still must pass muster with regulators, the addition of Express Scripts, could more than triple Cigna’s revenue.
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He had vehemently opposed the deal.
Icahn isn't mincing words, urging Cigna shareholders to reject the $60 billion proposed deal.
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