Anthem Antitrust Atty 'Stunned' At Cigna Balk On $54B Deal

Law360 (February 26, 2019, 8:58 PM EST) -- A 25-year veteran antitrust lawyer for Anthem Inc. testified Tuesday he was stunned by Cigna Corp.'s sudden and allegedly fatal resistance to their now-abandoned, $54 billion tie-up, in the second day of a multibillion-dollar Delaware Chancery Court trial over the collapsed deal.

"I've never seen anything like this before. Never, ever. And I don't think I ever will again," said George L. Paul of White & Case LLP, a deal counsel to Anthem and a 25-year antitrust litigation specialist. "Our ability to advocate really broke down. They were no longer rowing in the same direction and, frankly, they were drilling holes...

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