Cigna Corporation (NYSE:CI) Files An 8-K Termination of a Material Definitive Agreement
ITEM 1.02
|
Termination of a Material Definitive Agreement.
|
Chancery (the “Chancery Court”) denied the motion filed by
Anthem, Inc. (“Anthem”) to enjoin Cigna Corporation (“Cigna”)
from terminating the Agreement and Plan of Merger (the “Merger
Agreement”), dated as of July 23, 2015, by and among Cigna,
Anthem and a direct wholly owned subsidiary of Anthem. The
Chancery Court stayed its ruling pending Anthem’s determination
as to whether to seek an appeal and directed Anthem to inform it
by noon on May 15, 2017 whether it intends to appeal the ruling.
does not intend to appeal the Chancery Court’s decision. As a
result, the Merger Agreement has been terminated. Cigna seeks
prompt payment of the $1.85 billion reverse termination fee and
will pursue its claims for additional damages against Anthem.
| Item 7.01 |
Regulation FD Disclosure.
|
these actions, which is attached as Exhibit 99.1 hereto and is
incorporated herein by reference.
Section 18 of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), or incorporated by reference in any
filing under the Securities Act of 1933, as amended, or the
Exchange Act whether made before or after the date of this
report, except as shall be expressly set forth by specific
reference in such a filing.
| Item 9.01 |
Financial Statements and Exhibits.
|
| Exhibit No. |
Description
|
| 99.1 |
Press release dated May 12, 2017.
|
About Cigna Corporation (NYSE:CI)
Cigna Corporation (Cigna), together with its subsidiaries, is a health services company. The Company offers medical, dental, disability, life and accident insurance and related products and services. The Company’s segments include Global Health Care, Global Supplemental Benefits, Group Disability and Life, Other Operations and Corporate. The Global Health Care segment aggregates the commercial and Government operating segments. The Global Supplemental Benefits segment offers supplemental health, life and accident insurance products primarily in Asia, Europe and the United States. The Company’s Global Supplemental Benefits segment offers supplemental health, life and accident insurance products primarily in Asia, Europe and the United States. Its products are offered through employers and other groups, such as Governmental and non-Governmental organizations, unions and associations. Cigna also offers commercial health and dental insurance, and Medicare and Medicaid products and health. Cigna Corporation (NYSE:CI) Recent Trading Information
Cigna Corporation (NYSE:CI) closed its last trading session down -1.50 at 162.37 with 989,157 shares trading hands.
