Reuters logo
U.S. appeals court blocks Anthem bid to merge with rival Cigna
April 28, 2017 / 2:33 PM / 7 months ago

U.S. appeals court blocks Anthem bid to merge with rival Cigna

WASHINGTON, April 28 (Reuters) - A U.S. appeals court dealt health insurer Anthem Inc’s bid to merge with rival Cigna a likely death blow on Friday when it upheld a lower court’s decision stopping the deal.

The ruling could spell the end of the proposed $54 billion transaction, a merger that was rejected by the U.S. Justice Department, 11 states, a district court judge and, in the end, by Cigna itself. (Reporting by Diane Bartz)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below