The Cigna Group Announces $3.2 Billion Accelerated Stock Repurchase
CICigna(CI) Prnewswire·2024-02-15 19:00

BLOOMFIELD, Conn., Feb. 15, 2024 /PRNewswire/ -- Global health company The Cigna Group (NYSE: CI) will repurchase 3.2billionofcommonstockthroughacceleratedstockrepurchaseagreements(the"ASRAgreements")withDeutscheBankAGandBankofAmerica,N.A.(the"Counterparties").TheASRAgreementsarepartofTheCignaGroups(the"Company")existingsharerepurchaseprogram,whichhadremainingauthorityof3.2 billion of common stock through accelerated stock repurchase agreements (the "ASR Agreements") with Deutsche Bank AG and Bank of America, N.A. (the "Counterparties"). The ASR Agreements are part of The Cigna Group's (the "Company") existing share repurchase program, which had remaining authority of 10.6 billion as of February 13, 2024. "This accelerated share repurchase represents a value- ...