Health insurer Anthem says Cigna cannot terminate merger agreement

WASHINGTON (Reuters) - Health insurer Anthem Inc
"Under the terms of the merger agreement, Cigna does not have a right to terminate the agreement. Therefore, Cigna's purported termination of the merger agreement is invalid," Anthem said in a statement.
Cigna had said earlier on Tuesday that it would terminate the planned deal after a federal judge ruled on Feb. 8 that the deal was illegal under antitrust law.
(Reporting by Diane Bartz; Editing by Bernard Orr)
Disclaimer: No Business Standard Journalist was involved in creation of this content
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First Published: Feb 15 2017 | 1:51 AM IST
