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New York Life leads bid for Cigna assets

December 12, 2019

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New York Life Insurance is the top contender, edging out other possible bidders including MetLife and Sun Life Financial, for Cigna's non-health insurance assets, which could fetch as much as $6 billion, according to Bloomberg. A spinoff could help Connecticut-based Cigna ease the $40 billion debt load it took on after buying Express Scripts in 2018.

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