The Anthem-Cigna Merger Litigation Saga: Key Insights for Future Deals | Wilson Sonsini Goodrich & Rosati
To embed, copy and paste the code into your website or blog: On May 3, 2021, Anthem, Inc. secured its win over Cigna Corp.'s pursuit of a $1.85 billion breakup fee following the collapse of their proposed $54 billion merger. In a brief order, Justice Karen L. Valihura, writing for the full five-member Delaware Supreme Court, rejected Cigna's appeal and affirmed "on the basis of and for the reasons assigned by" Vice Chancellor J. Travis Laster in his sprawling 306-page decision issued in August 2020. 1 The deal thus ultimately ends in a draw, with neither side receiving any compensation or da...
Source: jdsupra.com