3 Lessons From The Failed $54B Cigna-Anthem Merger
By Benjamin Horney (September 1, 2020, 9:37 PM EDT) -- The Delaware Chancery ruling stemming from Cigna and Anthem's broken $54 billion merger reads like an epic poem that illustrates why attorneys must think through issues like antitrust enforcement and succession planning during the negotiation process to ensure there are no cracks in the foundation of a deal.
Delaware Vice Chancellor J. Travis Laster The Court of Chancery of the State of Delaware ruled Monday that neither Cigna Corp. nor Anthem Inc. can recover on competing claims for billions in damages after the collapse of their megadeal, which was first announced in 2015. Clocking in at more than 300 pages, Delaware...
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