Cigna Rejects Anthem’s $47B Merger Bid, Says It’s “Deeply Disappointed” By Suitor’s Recent Actions

After Anthem Inc. unveiled its roughly $47 billion bid to merge with fellow health insurer Cigna Corp. over the weekend, the object of its affections swiftly put the kibosh on that proposal. In a letter to Anthem’s board, Cigna said it was “deeply disappointed” with its suitors recent actions, and that the offer wasn’t in the best interest of shareholders. [More]