Health insurer Anthem to buy Cigna in $54.2 billion deal
CIGNA (CI.NY)hareholders will get $103.40 per share in cash and 0.5152 ANTHEM (ANTM.NY)hares.
The deal comes three weeks after Aetna Inc struck a deal to buy Humana Inc for $37 billion and is part of an industry-wide consolidation of the health insurance industry following the roll-out of the Obama government's healthcare reform law.
(Reporting by Ankur Banerjee in Bengaluru; Editing by Sriraj Kalluvila)