Cigna Corporation to buy Great West health-care unit for $1.5 billion

Tuesday, November 27, 2007

Cigna Corporation, a Connecticut-based employee benefits company, said on Monday that it had reached an agreement to buy the health-care unit of Great West Life and Annuity Insurance Company for about $1.5 billion in a move to expand its business in the western United States, a Reuters report said Monday.

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