DENVER BUSINESS JOURNAL - Anthem Inc. today said it is terminating its planned $48 billion acquisition of fellow health insurer Cigna Corp.
The move comes a day after a Delaware Court of Chancery judge denied its request for an extension to complete the deal.
Anthem (NYSE: ANTM) and Cigna (NYSE: CI) are respectively the No. 2 and 3 preferred-provider organizations in Colorado, after UnitedHealthcare, according to DBJ List research.
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