Here are four things to know.
1. The decision means Cigna can walk away from the proposed merger with Anthem. It also means Anthem could owe Cigna $14.85 billion in break-up fees and damages, according to the report.
2. Vice Chancellor Travis Laster of Delaware’s Court of Chancery, who denied the 60-day injunction, said Anthem’s outlook for completing the deal is dim.
3. Mr. Laster’s decision comes nearly three months after the deal was blocked over antitrust concerns. A U.S. Court of Appeals for the District of Columbia affirmed the decision April 28. Anthem has since filed a petition calling for a Supreme Court review of the decision.
4. Anthem and Cigna spokespeople did not immediately respond to Bloomberg‘s request for comment.
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