By David McLaughlin, Andrew Harris and Jef Feeley, Bloomberg News
A federal appeals court on Friday delivered what’s likely a final blow to Anthem Inc.’s bid to buy Cigna Corp. Now comes the legal fight over the deal’s failure.
The companies were clashing even before the U.S. moved last summer to block their proposed $48 billion merger. Then in February they sued each other in Delaware, trading accusations of harassment and sabotage.
Cigna claims it’s owed a $1.85 billion breakup fee and $13 billion in damages. It says Anthem tried to undermine its business by stealing confidential information and harassing ...
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