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Anthem offers $46 billion for Cigna, says CEO role holds up deal

U.S. health insurer Anthem Inc said on Saturday it had offered $46 billion in cash and stock for smaller rival Cigna Corp but that the deal was stalled over Cigna CEO David Cordani's role in the merged company. The announcement comes as the biggest U.S. health insurers seek acquisitions to boost membership in government-paid healthcare plans and the employer-based insurance that is Cigna's specialty. Anthem, the second largest health insurer in the United States, said in a statement that it had made four offers for Cigna in June, sweetening each one with better terms.

Exclusive: Sysco sees U.S. bird flu hurting egg supply up to 18 months

By Anjali Athavaley NEW YORK (Reuters) – Food distributor Sysco Corp said on Friday that a record U.S. outbreak of avian flu would limit its supply of eggs and chickens that lay them for nine to 18 months, based on information provided to the company by its suppliers. Sysco is the biggest U.S. food distributor, whose clients include restaurants, hotels and hospitals. The company is discussing options with its customers, including creating alternative menu items during the period, a Sysco spokesman said in an email. It is too soon to tell whether the supply squeeze will have a material impact on financial results, spokesman Charley Wilson said.