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.