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Anthem-Cigna Drama Shifts to $15 Billion Spat Over Merger

  • Federal appeals court ruling all but ends acquisition plan
  • Insurers turn to Delaware lawsuits over breakup fee, damages
Updated on

A federal appeals court on Friday delivered what’s likely a final blow to Anthem Inc.’s bid to buy Cigna Corp. Now comes the legal fight over the deal’s failure.

The companies were clashing even before the U.S. moved last summer to block their proposed $48 billion merger. Then in February they sued each other in Delaware, trading accusations of harassment and sabotage.