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According to Bloomberg, Centene (CNC) Drew Takeover Interest From Cigna (CI) in Recent Months

  • January 27, 2022


StockCentene CorporationSymbolCNC
Date Announced01/26/2022Source Bloomberg
TypeUnsolicited BidAcquiring Company/Person Cigna Corporation

Centene Corporation (CNC) fielded potential takeover interest from Cigna Corporation (CI) in recent months, according to people familiar with the matter. There are no talks ongoing, and it’s unclear whether they could be revived according to people familiar with the matter.

It’s possible that other insurers may be interested in Centene, though Cigna is likely the most logical acquirer given that it has fewer overlaps that may be problems for antitrust regulators, according to the report.

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