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New York Life to spend $6.3B on Cigna business

By Associated Press  
   December 18, 2019

New York Life is spending more than $6 billion in cash to buy the group life and disability coverage business of the insurer Cigna. The life insurer said Wednesday that the deal will add millions of customers to its business. It also gives Cigna Corp. cash to buy back stock and pare its debt.

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