Health insurer Aetna Inc
Aetna (NYSE:AET) made a formal bid this week to buy Humana (NYSE:HUM) in the form of cash and stock, Bloomberg reported, citing people familiar with the matter.
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Humana has also received an offer from Cigna Corp (NYSE:CI), but the Humana board prefers the offer from Aetna, Bloomberg said.
Humana and Aetna were not immediately available for comment.
(Reporting by Rosmi Shaji in Bengaluru; Editing by Maju Samuel)