Anthem won a court ruling temporarily blocking Cigna from scuttling a $48 billion merger between the health insurers.
Delaware Chancery Court Judge Travis Laster concluded Wednesday Cigna executives couldn’t summarily pull out of the combination after a federal judge last week blocked the merger of the insurers as anti-competitive. He found a temporary ban would protect the “legal status quo” of the deal until he could weigh arguments over the faltering merger at an April 10 hearing.
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