Advertisement

Managed care company Cigna Corp. said Wednesday it accepted for purchase a total of about $98.6 million in validly tendered notes as part of a previously announced offer that expired Tuesday.

The Philadelphia insurer had announced a cash tender offer for any and all of its $350 million in outstanding 8.5 percent senior notes due in 2019.

Cigna shares fell 3 cents to $37 in midday trading Wednesday.

Advertisement
Advertisement