Cigna says it is not pursuing combination with Humana

(Reuters) -Health insurer Cigna (NYSE:CI ) Group said on Monday (NASDAQ:MNDY ) it is not pursuing a combination with peer Humana (NYSE:HUM ).

Shares of Cigna rose 3.2% in premarket trading, while Humana fell nearly 3%.



Cigna said it would only consider acquisitions that are "strategically aligned, financially attractive and have a high probability to close".

Bloomberg News had reported in October that Cigna had revived efforts to merge with the smaller rival, after abandoning the pursuit late last year.

Source: Investing.com