Shares of Cigna Group (NYSE: CI), the healthcare company, were rising today after the company announced in a press release that it's not pursuing a merger with one of its competitors, Humana.
Cigna's share price was up by 7.7% as of 1:15 p.m. ET.
Cigna stated clearly in its release today that it is "not pursuing a combination with Humana." Investors had been wondering if the two companies might merge, and the recent presidential election spurred additional speculation if a more business-friendly environment might approve such a deal.
Source Fool.com