Analysis

A Closer Look At Battle Over Troubled Anthem-Cigna Megadeal

Law360, New York (February 15, 2017, 9:34 PM EST) -- The growing discontent between Anthem and Cigna hit a boiling point this week, with the health insurance giants trading shots in Delaware Chancery Court after Cigna attempted to end their $54 billion deal following the U.S. Department of Justice's successful bid to block the combination, despite Anthem's ongoing appeal.

Cigna's efforts to end the deal — and Anthem's efforts to keep it alive — come after the DOJ won an injunction to block the merger on competition grounds, a ruling that Anthem is in the process...
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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.