Cigna (CI) Rejects $184/Share Offer from Anthem (ANTM)
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Anthem Reiterates Commitment to $184 Per Share Proposal for Cigna Corporation; Schedules Call to Provide Update
June 22, 2015 9:00 AM EDTCombination 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
Cigna Says Anthem Proposal Inadequate and Not in Best Interests of Cigna Shareholders
June 21, 2015 5:51 PM EDTResponds 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
