Deals
Cigna-Express Scripts Deal Is Cleared by U.S. Justice Department
- Justice Department clears takeover without requiring changes
- Antitrust approval bodes well for pending CVS’s deal for Aetna
Express Scripts Inc.'s headquarters in St. Louis, Missouri.
Photographer: Whitney Curtis/Bloomberg
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Antitrust enforcers signed off on Cigna Corp.’s $54 billion takeover of pharmacy-benefit manager Express Scripts Holding Co., clearing one of two health-care deals that stand to reshape the industry.
Approval by the Justice Department smooths the way for the deal to wrap up by the end of the year, the companies said Monday in a joint statement. While some state regulators have yet to sign off, the U.S. review was one of the last major steps for the agreement the companies struck in March.