The Business Times
business-time-50

Anthem ends battle for Cigna after court ruling

Both firms now fight over who's to blame for the deal's collapse after judge rules Cigna can walk away from the US$48b merger

google-preferred-sourceAdd BT as a preferred source
Published Sun, May 14, 2017 · 09:50 PM

    Wilmington, Delaware

    ANTHEM Inc's nearly two-year effort to buy rival insurer Cigna Corp is officially dead.

    Anthem said on Friday it won't appeal against a Delaware judge's ruling late on Thursday that Cigna can walk away from the US$48 billion health insurance merger. That leaves the companies to fight over who's to blame for the deal's collapse.

    Cigna

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    In the last round of bidding, the premium for Category B was S$980 more than that for Category A.

    Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More