Cigna Wins Judge's Approval to Walk Away From Anthem Merger

Bloomberg ------ Cigna Corp. can walk away from its merger with Anthem Inc., a Delaware judge ruled almost three months after another court blocked the deal as anticompetitive. The ruling on Thursday means Anthem could be on the hook for $1.85 billion in breakup fees and $13 billion in damages to Cigna, which had argued that its would-be partner was too stubborn to see that the concerns about competition were insurmountable. The decision may be the final dagger to a deal that has been as notable for the bad blood between the two insurers as its antitrust roadblocks. Anthem is asking the U.S. Supreme Court to overturn rulings finding the deal flawed by antitrust problems, and the court is unlikely to weigh in now that Cigna has been allowed to walk. To learn more click on the picture below to read the article.