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Anthem CEO expects U.S. regulatory decision in July

By Caroline Humer NEW YORK (Reuters) – Anthem Inc Chief Executive Officer Joseph Swedish said on Tuesday the health insurer was pushing for approval from antitrust regulators reviewing its $51 billion acquisition of Cigna Corp and expects to hear a decision in July. Anthem's bid for Cigna followed closely after Aetna Inc's proposed $34 billion purchase of Humana Inc last July. Swedish said antitrust regulators have asked many questions about how it and Cigna manage healthcare benefits for large employers, but that the overall review was moving forward as expected.

Anthem set to announce deal for Cigna this week: sources

The deal would follow Aetna Inc's $37 billion agreement earlier this month to acquire Humana Inc, potentially reducing the number of major U.S. insurance companies from five to three and attracting antitrust scrutiny. Most issues that were preventing Anthem and Cigna from reaching a deal, such as price and the role of Cigna Chief Executive David Cordani, have been resolved, the people said. Anthem has slightly improved on its previous cash and stock offer of $184 per share and will pay somewhere near $187 per share for Cigna, one of the people said.

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.