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Icahn urges Cigna shareholders to oppose Express Scripts deal

August 7, 2018 6:12 PM UTC

Activist investor Carl Icahn sent a letter Tuesday urging shareholders of Cigna Corp. (NYSE:CI) to vote down its proposed acquisition of Express Scripts Holding Co. (NASDAQ:ESRX). Affiliates of Icahn own about 0.56% of Cigna's outstanding shares.

Cigna proposed in March to acquire the PBM in a cash and stock deal valued at $67 billion (see "Cigna to Acquire Express Scripts")...