Department of Justice Approves Cigna-Express Deal; Merger Will Create a Powerful New Entity
Despite significant efforts by some pharmacy market participants and investors to scuttle the deal, the U.S. Department of Justice recently approved Cigna's merger with Express Scripts with very little pushback. This development falls in line with our expectations, as we have factored in a 100% chance of DOJ approval for the deal into our analysis for both firms. Thus, we are maintaining our $160 and $92 fair value estimates for Cigna and Express, respectively. Additionally, we are maintaining o...Express Scripts Holding is a pharmacy benefit management (PBM) company. The company has two reportable segments: PBM, which consists of clinical solutions, Express Scripts SafeGuardRx
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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