Cigna-Express Scripts deal clears regulatory hurdles in California, New York

Cigna and Express Scripts gained approval from California and New York regulators to move forward with their $67 billion merger, according to filings with the Securities and Exchange Commission.

California and New York regulators both issued their approvals Dec. 13. Cigna and Express Scripts said New Jersey is the last state from which the companies need approval to continue with the transaction.

The health insurer and pharmacy benefits manager still expect their deal to close by the end of 2018, despite missing an original Dec. 8 deadline. The companies' new merger termination date is June 8, 2019, according to a Nov. 21 Securities and Exchange Commission filing.

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