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Health insurer Cigna rejects Anthem’s $54-billion takeover bid
Los Angeles Times

In a fiery response, Cigna Corp. rejected a $54-billion takeover bid from Anthem Inc. and unleashed several criticisms of the health insurance giant.

Cigna said Sunday that the $184-a-share offer was inadequate and not in the best interests of its shareholders.

The nation’s fifth-largest health insurer expressed frustration with Anthem taking its private negotiations public a day earlier and for failing to address key issues such as the fallout from a massive data breach at Anthem this year.