Anthem extends Cigna deal closing date ahead of court ruling

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By Caroline Humer | NEW YORK

NEW YORK Anthem Inc on Thursday said it
extended the deadline for its acquisition of Cigna Corp by three months as it awaits a federal court ruling on the U.S.
government’s lawsuit to block the deal.

Anthem, which operates Blue Cross Blue Shield health
insurance plans in 14 states, is trying to buy smaller rival
Cigna. The government sued seven months ago to stop the deal,
saying it was anti-competitive.

Judge Amy Berman Jackson of the U.S. District Court for the
District of Columbia has not yet issued an opinion on the case.
The trial began late last year, and Cigna said it ended on Jan.
4.

Anthem said in a regulatory filing that as permitted by its
merger agreement with Cigna, it would extend the deadline for
completion of the deal from Jan. 31 to April 30, regardless of
the outcome of the court proceedings.

Cigna said in a statement that it had received notice of
Anthem’s extension and that it would evaluate its options after
the court ruling.



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