HALISTER: Anthem May Be Ready to Walk Away From Cigna Deal, NYP Says

Anthem May Be Ready to Walk Away From Cigna Deal, NYP Says

(Bloomberg) -- Anthem CFO John Gallina told group of analysts that it was working on “remediation plans” that include buying assets from Aetna, NYP reports, citing 2 unidentified people at a meeting last wk.
  • AET in process of shopping Medicare Advantage plans in certain mkts to buyers; ANTM can’t pursue until it abandons Cigna deal
  • ANTM wouldn’t be talking about buying AET’s assets if it intended to go ahead and buy CI: NYP cites unidentified people
  • ANTM spokeswoman says cos. not in talks “regarding a termination of merger agreement or payment of a breakup fee": NYP
    • ANTM spokeswoman declined to comment on any statement made by Gallina at June 21 meeting
    • CI, AET spokesmen declined to comment
  • NOTE: Anthem Faces Showdown With Antitrust Cops in Bid for Cigna
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
ANTM US (Anthem Inc)
CI US (Cigna Corp)
AET US (Aetna Inc)

People
John Gallina (Anthem Inc)

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