Deals
Anthem Asks Judge to Continue Blocking Cigna's Merger Exit
- Health insurer seeking an additional 60 days to save deal
- Federal courts have found merger riddled with antitrust issues
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Anthem Inc. is making another push to salvage its $48 billion merger with Cigna Corp. by asking a Delaware judge to extend an order blocking its would-be partner from pulling out of the deal.
Anthem wants Delaware Chancery Court Judge Travis Laster to extend a temporary ban on Cigna’s exit for 60 days. The company hopes to work out a deal with federal prosecutors to drop their objections to the combination or to get the U.S. Supreme Court to overturn court rulings blocking it as anticompetitive.