Managed-care providers Cigna Group CI and Humana Inc. HUM are in talks to combine in a cash-and-stock deal that could be finalized before year-end, the Wall Street Journal reported Wednesday, citing people familiar with the matter. Cigna’s market value stands at about $83 billion, while Humana’s is about $62 billion, suggesting it would be mega deal. Cigna’s stock fell 5.4% on the report, while Humana was down 0.6%.
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