Earlier this month, the health insurance organisation Cigna Corp. announced the termination of its $54bn merger agreement with insurance company Anthem Inc. The deal has taken a further complicated turn, after Cigna announced that it had filed a lawsuit against Anthem seeking a $1.85bn termination fee, plus a staggering $13bn in damages. In an interesting twist, Anthem has launched its own lawsuit against Cigna, claiming the company has sabotaged the merger in its attempts to breach the agreement and collapse the $48bn deal.
READ MORE >>Archives
Collapsed Cigna and Anthem Merger Goes To Court
Posted on February 24, 2017 By
Benchmark International in
Aetna +
Benchmark International +
Cigna Corp +
Deal Making +
Humana +
mergers +
US District Court +
US M&A +
Acquisitions +
Anthem Inc +
Blog +
M&A +
Mergers and Acquisitions +
USA