(Reuters) -Health insurer Cigna Group said on Monday it is not pursuing a combination with peer Humana.
Shares of Cigna rose 3.2% in premarket trading, while Humana fell nearly 3%.
Cigna said it would only consider acquisitions that are “strategically aligned, financially attractive and have a high probability to close”.
Bloomberg News had reported in October that Cigna had revived efforts to merge with the smaller rival, after abandoning the pursuit late last year.
(Reporting by Mariam Sunny and Sriparna Roy in Bengaluru; Editing by Shilpi Majumdar)
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