Cigna Rejects $47B Takeover Bid From Anthem
Health insurer Cigna has rejected a $47 billion offer to be acquired by Anthem, saying the bid terms are inadequate and "favor Anthem shareholders." On Sunday, Cigna signaled a deal could be reached "under the right circumstances," but several obstacles remain. An Anthem spokesperson has yet to comment on the rejection.
- "Health Insurer Cigna Rejects Anthem's Takeover Bid" (Bailey, AP/San Jose Mercury News, 6/21).