Bloomberg Law
Aug. 12, 2016, 6:12 PM UTC

Anthem, Cigna Rise After U.S. Says Open to Settlement Offer

Bloomberg Media

By David McLaughlin, Bloomberg News

The Justice Department is open to hearing settlement offers from Anthem Inc. to resolve an antitrust lawsuit seeking to block the insurer’s $48 billion takeover of rival Cigna Corp., a government lawyer said.

“We’re always willing to hear any proposals the defendants have,” Jon Jacobs, a lawyer for the Justice Department, said at a court hearing on Friday in Washington.

It’s common for the government to express a willingness to entertain settlement offers, and Jacobs’s remarks are no guarantee that an agreement can be reached.

“Of course the DOJ is going to always be willing ...

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