Cigna Rejects $48 Billion Anthem Takeover, Sues for Damages
Cigna says it is rejecting Anthem’s proposed $48 billion acquisition bid and suing the Blue Cross-Blue Shield insurer. The announcement comes hours after another major insurer, Aetna, said it was abandoning its planned $34 billion purchase of Medicare Advantage provider Humana. The Department of Justice sued last summer to stop the deals due to concerns about how they would affect…
