Cigna Corporation (NYSE: CI), a global health-service company, will repurchase $3.5 billion in common stock through accelerated stock repurchase agreements with two counterparties, Mizuho Markets Americas LLC and Morgan Stanley & Co. LLC (the “Counterparties”). These ASR agreements are part of Cigna’s share repurchase program having the remaining authority of around $8.8 billion as of June 14, 2022.
David M. Cordani, the Chairman and Chief Executive Officer of Cigna, said, “This accelerated share repurchase is part of our ongoing commitment to return significant value to our shareholders. Our ability to execute against our capital deployment priorities ...
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Global Health Services Company, Cigna, Announces $3.5 Billion Accelerated Stock Repurchase Agreements