ESRX is gone

Home » Topics » Logical Invest Forum » ESRX is gone
ESRX is gone2018-12-28T09:39:32+00:00
  • Author
    Posts
  • R D HATHCOCK
    Participant
    Post count: 21

    Taken over by Cigna (CI)

  • R D HATHCOCK
    Participant
    Post count: 21

    Gone from N-100

  • Alexander Horn
    Keymaster
    Post count: 398

    Yes, ESRX has merged with Cigna, you should see now shares of CI and cash as below in your account. We’re going to reflect this in the Jan update.

    “Shares of Cigna and Express Scripts ceased trading on the New York Stock Exchange (NYSE) and NASDAQ, respectively, on December 20, 2018. Beginning tomorrow morning, shares of the new combined Cigna (“New Cigna”) will start trading on the NYSE under the stock ticker symbol “CI.”

    At the closing of the transaction, each outstanding share of Cigna common stock (other than certain excluded shares) was converted into one share of New Cigna common stock, and each outstanding share of Express Scripts common stock (other than certain excluded shares) was converted into (1) 0.2434 of a share of New Cigna common stock and (2) the right to receive $48.75 in cash, without interest, subject to applicable withholding taxes. Immediately following the closing of the transaction, former Cigna stockholders own approximately 64 percent and former Express Scripts stockholders own approximately 36 percent of the shares of New Cigna common stock outstanding.”

    https://www.cigna.com/newsroom/news-releases/2018/cigna-completes-combination-with-express-scripts-establishing-a-blueprint-to-transform-the-health-care-system

You must be logged in to reply to this topic.