Deals
Cigna Wins Judge's Approval to Walk Away From Anthem Merger
- Anthem sought order barring exit for 60 days to save the deal
- Federal courts have found merger riddled with antitrust issues
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Cigna Corp. can walk away from its $48 billion merger with Anthem Inc., a Delaware judge ruled almost three months after another court blocked the deal as anticompetitive.
The ruling on Thursday means Anthem could be on the hook for $1.85 billion in breakup fees and $13 billion in damages to Cigna, which had argued that its would-be partner was too stubborn to see that the concerns about competition were insurmountable.