Anthem ends Cigna deal, but refuses to pay $1.85 billion breakup fee
The mega-merger between Anthem and Cigna is no more. But the saga isn't over yet. Although Cigna is seeking a termination fee, Anthem has refused to pay it.
Anthem asks SCOTUS to review Cigna deal
Anthem just doesn't want to give up. The insurer has filed a petition with the U.S. Supreme Court seeking review of the Cigna deal.
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Court upholds decision to block $54 billion Anthem-Cigna merger (updated)
There's been a new development in the Anthem-Cigna merger saga: On Friday, a U.S. appeals court upheld a lower court's earlier decision to block the $54 billion deal.
Now, Cigna calls off Anthem deal, sues for nearly $15B (updated)
Cigna also sued to collect a $1.85 billion termination fee and asked for more than $13 billion in additional damages.
Anthem says it will appeal court’s decision on Cigna merger
Anthem said it would not only appeal, but that it would ask for an expedited hearing. Anthem noted that more than 99 percent of shareholders of both companies approved the merger, not that it's relevant in an antitrust case.
Federal judge stops Anthem-Cigna merger (updated)
Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia issued the decision late Wednesday.
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DOJ sues to block Anthem-Cigna and Aetna-Humana mergers (updated)
The companies disagreed, though some more strongly than others. All four have vowed to defend their planned mergers in court.
California is the latest to object to Anthem-Cigna merger
California Insurance Commissioner Dave Jones urged federal officials to block the merger of health insurance giants Anthem Inc. and Cigna Corp., declaring the $54-billion deal anti-competitive and harmful to consumers. The state insurance department doesn’t have the authority to thwart the merger on its own, but Jones’ recommendation Thursday could carry considerable weight in Washington […]
Anthem-Cigna merger plan draws strong reactions from many sources
Last week's news that mega-health insurer Anthem has agreed to acquire fellow mega-health insurer Cigna for $48.4 billion has created quite a stir, especially since two more giants, Aetna and Humana had announced just three weeks earlier that they would merge for $37 billion.
Morning Read: $48B Anthem-Cigna deal coming, Campbell’s says no more MSG, no GMOs in soups
Anthem's play for Cigna is moving closer to fruition to the tune of nearly $48 billion and Campbell's Soup Co said there will no longer be MSG or GMOs in their soups.
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Hawaii is first state to raise smoking age to 21, Cigna rejects another Anthem pass (Morning Read)
Until now, only two cities raised age barriers to buying cigarettes -- New York City and Honolulu.