(Bloomberg) — Cigna Corp. Chief Executive Officer David Cordani faces a tough task: persuading investors and lawyers that the health insurer is committed to a troubled $48 billion takeover by Anthem Inc., while also talking up its prospects as an independent company.

Cigna met with investors this week to discuss the merger, which Cordani says he still supports, and also talk about his Plan B — stock buybacks or acquisitions if the deal falls apart, according to notes to investors from Wolfe Research and Goldman Sachs Group Inc. Last week, the insurer held its first earnings conference call since Anthem’s takeover was announced a year ago.

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