Shares of health insurer Cigna jumped nearly 12 percent Monday after it was reported that Anthem had made two takeover bids for Cigna within the past two weeks, according to a Hartford Courant report.
Cigna rejected both of Anthem's takeover bids, with the most recent bid at about $175 a share.
After the news broke, shares of Cigna rose to $153.43, up $16.12 for the day, according to the report.
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