Jeff Auxier Comments on Express Scripts Holding

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Nov 08, 2018

Express Scripts Holding Co. (ESRX, Financial) 23.05% Cigna is acquiring pharmacy benefit manager Express Scripts for an estimated $67B or over $95 a share. The deal includes $48.75 in cash and 0.2434 shares of Cigna for each share of Express Scripts and is expected to close by the end of the year. We originally invested in ESRX at $7.63 a share after a face-to-face meeting with management late on a Friday.

From Jeff Auxier (Trades, Portfolio)'s third-quarter 2018 shareholder commentary.