Cigna (CI) Rejects $184/Share Offer from Anthem (ANTM)
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Go back to Cigna (CI) Rejects $184/Share Offer from Anthem (ANTM)
June 22, 2015 9:00 AM EDT
Combination would create a premier health benefits company with the
critical diversification and scale to lead the transformation of
health care delivery for consumers
Combination to drive cost synergies approaching $2 billion within
two years post close by achieving both operating and G&A efficiencies
Anthem management confident in achievability of synergies and
committed to retaining investment grade debt ratings
Highly compelling value for Cigna stockholders with a significant
premium for their investment and compelling opportunity to participate
in the upside potential of the... More
June 21, 2015 5:51 PM EDT
Responds with letter to Anthems Board of Directors
Notes questions about Anthems lack of growth strategy, fundamental
risks and other issues
Cigna has long track record of success
BLOOMFIELD, Conn.--(BUSINESS WIRE)--
Cigna Corporation (NYSE: CI) confirmed today it received a highly
conditional, non-binding proposal from Anthem, Inc. (NYSE: ANTM) on June
20, 2015.
Cignas Board of Directors has carefully reviewed this proposal
consistent with the companys continued focus on maximizing shareholder
value and creating... More
