HALISTER: Cigna Sues Anthem as Merger Deal Is Terminated

Cigna Sues Anthem as Merger Deal Is Terminated

(Bloomberg) -- Cigna says it sued Anthem in Delaware Court of Chancery seeking declaratory judgments that its termination of the merger agreement is lawful and that Anthem isn’t permitted to extend the termination date.
  • CI seeks payment of $1.85b reverse termination fee, as well as additional damages in an amount exceeding $13b, which includes the lost premium value to Cigna’s shareholders caused by Anthem’s “willful breaches” of the pact
Filing: Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
ANTM US (Anthem Inc)
CI US (Cigna Corp)
1400L US (Delaware Court of Chancery)

Topics
Delaware Chancery Court

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UUID: 7947283