mergers and acquistions

Friday marked the official end to Indianapolis-based Anthem’s bid to merge with Cigna, and the second time in recent months a major health insurance merger has failed.

It underscores the uphill regulatory battle that big health insurers face in trying to join forces.

Anti-trust officials blocked mergers between Humana and Aetna, and Anthem and Cigna this year. Those four have something in common: they’re among their industry’s biggest, top-earning companies.

A merger between Indianapolis-based Anthem and fellow health insurance giant Cigna is officially dead – and Anthem says it won’t pay Cigna a break-up fee.

Anthem killed the $54 billion deal Friday after a failed bid to keep Delaware-based Cigna at the bargaining table.

Matt Chaney / https://www.flickr.com/photos/vcucns/

Just days after a federal judge shut down a $54 billion merger between health insurers Anthem and Cigna on anti-competitive grounds, a Valentine’s Day move by Connecticut’s Cigna seeks to dump the Indianapolis-based company once and for all.

 

Cigna officials announced Tuesday they had sued Anthem in a Delaware court seeking a judge’s affirmation that the company had lawfully ducked out of the merger agreement, and that Anthem couldn’t extend the merger’s expiration date.

 

Anthem-Cigna Merger Deadline Extended Three Months

Jan 19, 2017
Matthew Hurst / https://www.flickr.com/photos/skewgee/2463077387

In light of the ongoing antitrust trial playing out in Washington, Indianapolis-based health insurer Anthem has extended the deadline to complete a merger with Connecticut-based Cigna until April 30th, according to a form filed this week to the Securities and Exchange Commission.

The merger between the two healthcare giants originally had a deadline of January 31st. However, the agreement left the door open to extending it three more months.

As Big Ag Mergers Pile Up, Farmers Brace For Impacts

Sep 14, 2016
Annie Ropeik / Indiana Public Broadcasting

The list of big agribusinesses pursuing mergers is growing, and their plans could affect Indiana facilities.

Germany's Bayer is buying St. Louis-based Monsanto, and two Canadian fertilizer-makers, Potash and Agrium, announced Monday that they'll seek to join forces, too.

Potash just opened a $90 million fertilizer distribution warehouse and rail hub in Lake County, but its future is now unclear.

Matthew Hurst / https://www.flickr.com/photos/skewgee/2463077387

Two giant mergers among the nation’s five largest health insurers, including Indianapolis-based Anthem, were put on hold Thursday by the U.S. Justice Department, which cited concerns about the so-called “Big Five” becoming the “Big Three.”