1. Icahn Dealt Another Blow as Glass Lewis Supports Cigna Deal

    Icahn Dealt Another Blow as Glass Lewis Supports Cigna Deal

    (Bloomberg) -- Another prominent shareholder advisory firm has come out in support of Cigna Corp.’s $54 billion takeover of pharmacy benefits manager Express Scripts Holding Co., dealing another blow to activist investor Carl Icahn’s efforts to block the transaction...

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    1. We find the proposed merger both strategically and financially compelling, structured in a reasonable manner from a valuation standpoint for Cigna shareholders.
    2. The board appears to have thoroughly considered the company's strategic and transaction alternatives in the evolving and consolidating industry and reasonably determined that pursuing a transformative combination with Express Scripts represents the best opportunity to enhance shareholder value.
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