Deals
Cigna Faces Off With Anthem, Escalating Fight by Ending Deal
- Cigna sues to end tie-up, seeks $1.85 billion breakup fee
- Valentine’s Day becomes ‘the day of broken mergers:’ analyst
Cigna Sues Anthem After Ending Merger Agreement
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Simmering tensions between Anthem Inc. and Cigna Corp. exploded Tuesday as Cigna sued to end their $48 billion deal, and Anthem moments later said it would fight to keep the merger alive.
The clash came just hours after the other U.S. health insurance megadeal, a $37 billion tie-up between Aetna Inc. and Humana Inc., ended peacefully with the companies mutually deciding to walk away from their agreement