Becker's Healthcare October 31, 2024
Though he did not mention the deal directly, Cigna CEO David Cordani appeared to dismiss rumors of reignited merger talks with Humana and said the company was focused on share buybacks.
“We don’t comment on rumors, but what I will do is be very clear on the actions we are pursuing,” Mr. Cordani said on Cigna’s third quarter earnings call Oct. 31. “We continue to deploy our excess free cash flow for share repurchase, with repurchases totaling $5.7 billion year-to-date, including over $715 million in October. Looking forward, we expect to continue to actively repurchase our shares in the fourth quarter, further leveraging our remaining repurchase capacity, which stands at $5.6 billion.”
Mr. Cordani’s comments came after Bloomberg reported...
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