NU Online News Service, Oct. 27, 2003, 5:59 p.m. EST – Prudential Financial Inc., Newark, N.J., is a leading contender to buy the retirement and investment services business of CIGNA Corp., Philadelphia, according to a report in The Newark Star-Ledger.

Prudential is in exclusive talks for a deal with an estimated value of $2 billion, the report says.

The deal would be the second major transaction for the company this year. Prudential completed a $1.2 billion acquisition of American Skandia in May.