Wall Street expressed growing doubts about a pending 54 billion merger of U.S. health insurers Anthem Inc and Cigna Corp on Monday as news of management squabbles added to concerns over its review by antitrust regulators. Cigna shares closed down 4 percent at 126.15, well below Anthem's original 188 per share offer of cash and stock announced last July. Anthem shares fell 1.8 percent to 133.18. "The market is telling you that it feels the probability of the deal is significantly less than 100 percent," Morningstar analyst Vishnu Lekraj said in a telephone interview. He declined to provide his own probability forecast.
May-24-2016, 09:57:01 GMT