Both proposed mergers were blocked by federal judges, who agreed with Justice Department antitrust regulators that reducing the number of major US insurers from five to three could harm consumers. Health insurer Cigna announced Tuesday that it will unilaterally terminate its $54 billion merger agreement with Anthem after the deal was rejected by a federal judge. Therefore, Cigna’s purported termination of the Merger Agreement is invalid.”

Cigna said in its public filing Tuesday that it “notified Anthem that it has terminated the Agreement and Plan of Merger.” Cigna also said it filed a suit against Anthem in a Delaware court to ensure Anthem is not permitted to extend the kill date of their merger agreement. • St. Paul’s ‘Skyway to Nowhere’ comes down for good
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“These additional damages include the amount of premium that Cigna shareholders did not realize as a result of the failed merger process,” the company said in its release.
Cigna announces that it has terminated its merger with Anthem, a deal that was blocked by a U.S. federal judge last week. In addition, Cigna sues Anthem for the $1.85 billion reverse termination fee, and for more than $13 billion in additional damages. Anthem says Cigna has no right to terminate the merger, a deal which in January was extended to April 30, 2017.