REUTERS/Brendan McDermid
- Billionaire investor Carl Icahn is not a fan of Cigna's plan to purchase pharmacy benefit manager Express Scripts, a $67 billion deal that was announced in March.
- In a letter to Cigna stockholders sent Tuesday, Icahn said the deal "may well rival the worst acquisitions in corporate history."
- Icahn cited the regulatory challenges that the PBM model is facing, as well as competitive risk from Amazon.
Carl Icahn doesn't want health insurer Cigna's $67 billion deal with Express Scripts.
Icahn, who recently took a stake in Cigna, wrote in a letter to Cigna shareholders Tuesday that the deal "may well rival the worst acquisitions in corporate history." Icahn disclosed that he was also short Express Scripts.
See the rest of the story at Business Insider
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