Anthem Inc. and Cigna Corp. have accused one another of violating the terms of their merger agreement, according to a legal filing by the Justice Department, which is suing to block the health-insurance deal on antitrust grounds.
In the filing, Justice attorneys say that in a telephone conference on Aug. 16, Cigna's lawyers disclosed “further deterioration” in the relationship between the two companies, which have for months been engaged in behind-the-scenes sniping amid efforts to pull together their $48 billion deal. The filing says that the companies' in-house attorneys had apparently “exchanged letters accusing each other of breaching the merger agreement.”
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