(Bloomberg) —Anthem Inc. said its planned takeover of Cigna Corp. is in danger of collapsing unless there’s a quick trial to resolve a U.S. lawsuit seeking to block the deal.
Anthem’s lawyer, Christopher Curran, told U.S. District Judge John Bates in Washington on Thursday that the insurer needs a ruling on the $48 billion merger by the end of this year. There is "contentiousness" with Cigna, he said, and its rival won’t extend their agreement past the April 30 termination date.
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