UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of ~~report~~Report (Date of ~~earliest~~Earliest ~~event~~Event ~~reported~~Reported): ~~October~~ 31November 21, 2018

EXPRESS SCRIPTS HOLDING COMPANY

(Exact ~~Name~~name of ~~Registrant~~registrant as ~~Specified~~specified in its ~~Charter~~charter)

DELAWARE	001-35490	45-2884094
Delaware	001-35490	45-2884094
(State or Other Jurisdiction of Incorporation or Organization)	(Commission File Number)	(I.R.S. Employer Identification No.)
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	Identification No.)

One Express Way, St. Louis, MO		63121
(Address of Principal Executive Offices)		(Zip Code)
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: 314-996-0900

NoNot ~~change~~Applicable ~~since last report~~

(Former ~~Name~~name or ~~Address~~former address, if ~~Changed~~changed ~~Since~~since ~~Last~~last ~~Report)~~report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ~~(see General Instruction A.2. below)~~:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 21.0201 ~~Results~~Entry ofinto ~~Operations~~a ~~and~~Material ~~Financial~~Definitive ~~Condition~~Agreement.

~~Item~~As 7previously announced, on March 8, 2018, Cigna Corporation (“Cigna” or the “Company”) entered into an Agreement and Plan of Merger (as amended, the “Merger Agreement”) with Express Scripts Holding Company, a Delaware corporation (“Express Scripts”), Halfmoon Parent, Inc.01, ~~Regulation~~a FDDelaware ~~Disclosure~~corporation and a direct wholly owned subsidiary of Cigna (“Holdco”), Halfmoon I., Inc., a Delaware corporation and a direct wholly owned subsidiary of Holdco, and Halfmoon II, Inc., a Delaware corporation and a direct wholly owned subsidiary of Holdco, pursuant to which, subject to the conditions of the Merger Agreement, Holdco will acquire Express Scripts in a cash and stock transaction.

OnThe Merger Agreement provides ~~October 31,~~that ~~2018,~~either Cigna or Express Scripts ~~Holding~~may ~~Company~~terminate ~~(“Express~~the ~~Scripts”~~Merger Agreement if the effective time of the mergers thereunder has not occurred on or before December 8, 2018 (the “~~Company~~Termination Date”), ~~issued~~subject ato ~~press~~the ~~release~~right ~~with~~of ~~respect~~either Cigna or Express Scripts to ~~its~~extend ~~results~~the ofTermination ~~operations~~Date ~~for~~in ~~the~~certain ~~period~~circumstances. ~~ended~~On ~~September~~November 3021, 2018., ~~The~~Cigna ~~press~~and ~~release~~Express isScripts exchanged mutual notices to extend the Termination Date in accordance with the Merger Agreement, which, subject to the ~~attached~~terms ~~hereto~~thereof, aswill ~~Exhibit~~be ~~99.1~~effective ~~and~~for ~~incorporated~~all ~~herein~~purposes byfrom ~~reference~~and after December 8, 2018.

The ~~information~~foregoing ~~contained~~description inof ~~this~~the ~~Current~~extension ~~Report~~notice does onnot ~~Form~~purport ~~8-K~~to ~~under~~be ~~Items~~complete ~~2.02~~ and ~~7.01, including the accompanying Exhibit 99.1,~~ is ~~being~~qualified ~~furnished~~in ~~pursuant~~its toentirety ~~Item 2.02~~by ~~and~~reference ~~Item 7.01 of Form 8-K and shall not be deemed~~ to be ~~“filed” for purposes of Section 18 of~~ the ~~Securities~~letter ~~Exchange~~agreement, ~~Act~~which ofis ~~1934,~~filed as ~~amended~~Exhibit ~~(the~~2.1 ~~“Exchange Act”), or otherwise subject~~ to ~~the liabilities of that section. The information contained in~~ this Current Report on Form 8-K ~~under Items 2.02~~ and ~~7.01,~~is ~~including the accompanying Exhibit 99.1, shall not be~~ incorporated herein by reference ~~into any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether~~ ~~made before or after the date hereof, except~~ as ~~shall~~though befully ~~expressly~~ set forth ~~by specific reference in such a filing~~herein.

Item 97.01 ~~Financial~~Regulation ~~Statements~~FD ~~and Exhibits~~Disclosure.

~~(d)~~Cigna ~~The~~and ~~following~~Express ~~Exhibits~~Scripts ~~are~~continue ~~furnished~~to asanticipate ~~part~~that ofthe ~~this~~transactions ~~report~~contemplated onby ~~Form~~the ~~8-K~~Merger Agreement will close in 2018, subject to the satisfaction of all closing conditions.

~~Exhibit~~As 99previously disclosed, certain state insurance regulators have the authority to approve a “change of control” of an insurer.1 ~~Press~~Cigna ~~Release~~has filed “Form A” statements (or equivalent change of control applications) and/or requests for exemptions from the Form A application requirements in each jurisdiction where required by applicable law (“states”). Currently, ~~dated~~Cigna ~~October~~has 31received approvals in all but three states: California, ~~2018~~New York and New Jersey.

~~SIGNATURE~~This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act whether made before or after the date of this report, except as shall be expressly set forth by specific reference in such a filing.

~~Pursuant~~Item to9.01 ~~the~~Financial ~~requirements~~Statements ofand ~~the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized~~Exhibits.

Cautionary Notes on Forward Looking Statements

This communication contains statements which, to the extent they are not statements of historical or present fact, constitute “forward-looking statements” under the securities laws. These forward-looking statements are intended to provide Cigna management’s and/or Express Scripts management’s current expectations or plans for future operating and financial performance, based on assumptions currently believed to be valid. Forward-looking statements can be identified by the use of words such as “believe,” “expect,” “expectations,” “plans,” “strategy,” “prospects,” “estimate,” “project,” “target,” “anticipate,”

“will,” “may,” “should,” “see,” “guidance,” “confident” and other words of similar meaning in connection with a discussion of future operating or financial performance. Forward-looking statements may include, among other things, statements relating to future sales, earnings, cash flow, results of operations, uses of cash, share repurchases and other measures of financial performance or potential future plans, strategies or transactions of Cigna or the combined company following consummation of the mergers, the anticipated benefits of the mergers, including estimated synergies, the expected timing of completion of the mergers, Cigna’s ability to obtain financing for the mergers and other statements that are not historical facts. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. For those statements, Cigna and Express Scripts claim the protection of the safe harbor for forward-looking statements contained in the U.S. Private Securities Litigation Reform Act of 1995. Risks, uncertainties and other factors that could cause actual results to differ from these forward-looking statements include, but are not limited to, risks and uncertainties detailed in Cigna’s and Express Scripts’ periodic public filings with the SEC, including those discussed in the section entitled “Risk Factors” of the registration statement and in the sections entitled “Risk Factors” in Cigna’s Annual Report on Form 10-K for the year ended December 31, 2017, Cigna’s Quarterly Report on Form 10-Q for the period ended June 30, 2018, Express Scripts’ Annual Report on Form 10-K for the year ended December 31, 2017 and Express Scripts’ Quarterly Report on Form 10-Q for the period ended June 30, 2018, factors contained or incorporated by reference into such documents and in subsequent filings by Cigna and Express Scripts, and the following factors:

•

the inability of Cigna and Express Scripts to obtain all of the regulatory approvals required for the mergers or the requirement to accept conditions that could reduce the anticipated benefits of the mergers as a condition to obtaining regulatory approvals;

•

failure to satisfy the conditions to closing provided in the merger agreement;

•

a longer time than anticipated to consummate the mergers;

•

problems regarding the successful integration of the businesses of Cigna and Express Scripts;

•

unexpected costs regarding the mergers;

•

restrictions on business activities during the pendency of the mergers and limitations put on Cigna’s and Express Scripts’ ability to pursue alternatives to the mergers under the merger agreement;

•

diversion of Cigna management’s and Express Scripts management’s attention from ongoing business operations and opportunities;

•

disruption from the mergers making it more difficult to maintain business and operational relationships;

•

potential litigation associated with the mergers;

•

the ability to hire and retain key personnel;

•

the availability of financing;

•

the obligation to complete the mergers even if financing is not available or is available on terms other than those currently anticipated, including financing less favorable to Cigna and New Cigna than its current commitments, due to the absence of a financing condition in connection with the mergers;

•

effects on the businesses as a result of uncertainty surrounding the mergers;

•

the possibility that the anticipated benefits from the mergers cannot be realized in full, or at all or may take longer to realize than expected, including risks associated with achieving expected synergies from the mergers;

•

the uncertainty of the value of the Cigna merger consideration and the Express Scripts merger consideration due to fixed exchange ratios and potential fluctuations in the market prices of Cigna common stock and Express Scripts common stock;

•

the possibility of the directors and officers of each of Cigna and Express Scripts generally having interests in the mergers that are different from, or in addition to, the interests of Cigna stockholders or Express Scripts stockholders, as applicable;

•

the possibility of changes in circumstances between the date of the signing of the merger agreement and the closing date that will not be reflected in the opinions received by the Cigna board of directors and the Express Scripts board of directors from their respective financial advisors;

•

the effect of the substantial additional indebtedness New Cigna will incur in connection with the mergers;

•

the possibility of actual results of operations, cash flows and financial position after the mergers materially differing from the unaudited pro forma condensed combined financial statements of New Cigna;

•

the difference in rights provided to New Cigna stockholders under Delaware law, the New Cigna certificate of incorporation and the New Cigna bylaws, as compared to the rights provided to Cigna stockholders under Delaware law, the Cigna certificate of incorporation and the Cigna bylaws, and to Express Scripts stockholders under Delaware law, the Express Scripts certificate of incorporation and the Express Scripts bylaws (as defined below);

•

the occurrence of any event giving rise to the right of a party to terminate the merger agreement;

•

an unexpected downgrade in Cigna’s, Express Scripts’ or New Cigna’s financial strength ratings;

•

the impact of debt service obligations on the availability of funds for other business purposes, and the terms and required compliance with covenants relating to Cigna’s, Express Scripts’ or New Cigna’s indebtedness; and

•

future industry risks that are described in SEC reports filed by Cigna and Express Scripts.

There can be no assurance that the mergers or any other transaction described in this Current Report on Form 8-K will in fact be completed in the manner described or at all. Any forward-looking statement speaks only as of the date on which it is made, and Cigna and Express Scripts assume no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on any of these forward-looking statements

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

EXPRESS SCRIPTS HOLDING COMPANY

Exhibit No.

Description of Exhibit

Date: October 31, 2018

/s/ Martin Akins

Letter Agreement, dated as of November 21, 2018, by and among Cigna Corporation, Express Scripts Holding Company, Halfmoon Parent, Inc., Halfmoon I, Inc. and Halfmoon II, Inc.

Martin Akins

Senior Vice President and General Counsel

Filing Compare · Express Scripts Holding Co.