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US Health Insurer Anthem "Disappointed" with US Court of Appeals Decision on USD 54.2bn Acquisition of Cigna.

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M2 EQUITYBITES-May 1, 2017-US Health Insurer Anthem "Disappointed" with US Court of Appeals Decision on USD 54.2bn Acquisition of Cigna

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1 May 2017 - US-based health insurer Anthem, Inc. (NYSE: ANTM) is disappointed by a US appeals court decision upholding a ruling that would block its USD 54.2bn acquisition of US-based health insurer Cigna Corp. (NYSE: CI), the company said.

In February, Anthem announced it would appeal a decision by the US District Court for the District of Columbia issued an order enjoining its proposed acquisition of Cigna.

US-based health insurer Anthem, Inc. (NYSE: ANTM) will appeal a decision by the US District Court for the District of Columbia issued an order enjoining its proposed acquisition of US-based health insurer Cigna Corp. (NYSE: CI), the company said.

In July 2015, the companies announced a definitive deal under which Anthem would buy Cigna in a cash and stock transaction, with Cigna shareholders will receive USD 103.40 in cash and 0.5152 Anthem common shares for each Cigna common share.

According to Anthem, the total per share consideration...

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