INDIANAPOLIS— Health insurers Anthem and Cigna are now trading lawsuits instead of working together to salvage a shaky $48- billion buyout agreement. The two companies announced Anthem's plan to buy Cigna in 2015 a few weeks after two other insurers, Aetna Inc. and Humana Inc., announced a separate deal. Aetna and Humana announced Tuesday they were ending...
Last week, a federal judge blocked the deal, saying it would lead to higher prices and reduced competition.
Cigna says it is rejecting Anthem's proposed $48 billion acquisition bid and suing the Blue Cross- Blue Shield insurer. The announcement comes hours after another major insurer, Aetna, said it was abandoning its planned $34 billion purchase of Medicare Advantage provider Humana. Cigna Corp. says it is seeking a $1.85 billion termination fee from Anthem and...
CNBC's Bertha Coombs reports the latest on how Cigna is suing Anthem and expanding its buyback program to a total of $3.7 billion.
CNBC's Bertha Coombs reports the latest on Anthem responding by saying Cigna does not have the right to terminate the deal.
Blue Cross- Blue Shield carrier Anthem Inc. is attempting to buy Cigna Corp. for $48 billion. The deal would have given Aetna the opportunity to significantly expand its presence in Medicare Advantage coverage, which involves privately run versions of the federal Medicare program for people who are over 65 or disabled. Regulators worried, in particular, about...
Anthem will appeal a federal court ruling rejecting its $54 billion merger with Cigna and asked for an expedited hearing to make its case.
Is the end near for the Anthem-Cigna deal? CNBC's Bertha Coombs reports on where the deal currently stands.
Coca-Cola, Twitter, Anthem, and Cigna stocks are making headlines on Walll Street.
A federal judge ruled against U.S. health insurer Anthem's proposed $54 billion merger with smaller rival Cigna.
SACRAMENTO, Calif.— Predicting diminished competition and likely higher costs, a federal judge rejected Anthem Inc.' s bid to buy rival health insurer Cigna Corp.. Last month, another federal judge rejected Aetna's roughly $34- billion bid to buy rival Humana, citing in part concerns about competition in hundreds of Medicare advantage markets.
The ruling marks another victory for anti-trust officials, who sued the companies in July last year to stop the deal.
President Donald Trump has said he wants to repeal and replace the Affordable Care Act soon.
U.S. equities closed mostly higher on Wednesday after the Federal Reserve kept interest rates unchanged, as was widely expected.
U.S. stock index futures pointed to a higher open on Wednesday as traders eyed the latest announcement from the Federal Reserve.
U.S. equities traded mixed as investors continued to evaluate the latest policies from the White House.
The No. 3 U.S. health insurer's total revenue rose about 5 percent to $15.73 billion but was below expectations.
Stocks notched their worst day of 2017, as a new measure taken by the Trump administration on immigration sent jitters through the market.
Some of the names on the move ahead of the open.
With hopes for megamergers dashed and Obamacare-fueled growth in question, investors need answers from health insurers.