ESRX is gone

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This topic contains 2 replies, has 2 voices, and was last updated by  Alexander Horn 6 months, 2 weeks ago.

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  • #56855

    R D HATHCOCK
    Participant

    Taken over by Cigna (CI)

    #56856

    R D HATHCOCK
    Participant

    Gone from N-100

    #56859

    Alexander Horn
    Keymaster

    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

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