Anthem Responds to U.S. District Court’s Decision on Acquisition of Cigna
February 09 2017 - 6:00AM
Business Wire
Anthem, Inc. (NYSE: ANTM) today commented on the decision by the
U.S. District Court for the District of Columbia granting the
Department of Justice’s request to block Anthem’s proposed
acquisition of Cigna Corporation (NYSE: CI). The company promptly
intends to file a notice of appeal and request an expedited hearing
of its appeal to reverse the Court’s decision so that Anthem may
move forward with the merger, which was approved by over 99% of the
votes cast by the shareholders of both companies.
“Anthem is significantly disappointed by the decision as
combining Anthem and Cigna would positively impact the health and
well-being of millions of Americans - saving them more than $2
billion in medical costs annually,” said Joseph R. Swedish,
Chairman, President and Chief Executive Officer, Anthem. “Anthem
has been a leader in providing individuals with access to high
quality, affordable healthcare. Our decision to acquire Cigna is
grounded in our commitment to this goal and to leading our industry
during this period of dynamic change. If not overturned, the
consequences of the decision are far-reaching and will hurt
American consumers by limiting their access to high quality
affordable care, slowing the industry’s shift to value based care
and improved outcomes for patients, and restricting innovation
which is critical to meeting the evolving needs of healthcare
consumers. Moving forward, Anthem will continue to work
aggressively to complete the transaction while remaining focused on
serving as America’s valued health partner, delivering superior
health care services to our approximately 40 million members with
greater value at less cost.”
About Anthem, Inc.
Anthem is working to transform health care with trusted and
caring solutions. Our health plan companies deliver quality
products and services that give their members access to the care
they need. With over 73 million people served by its affiliated
companies, including approximately 40 million within its family of
health plans, Anthem is one of the nation’s leading health benefits
companies. For more information about Anthem’s family of companies,
please visit www.antheminc.com/companies.
IMPORTANT INFORMATION FOR INVESTORS AND SHAREHOLDERS
NO OFFER OR SOLICITATION
This communication does not constitute an offer to sell or a
solicitation of an offer to sell or a solicitation of an offer to
buy any securities or a solicitation of any vote or approval, nor
shall there be any sale of securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. No offering of securities shall be made except by
means of a prospectus meeting the requirements of Section 10
of the Securities Act of 1933, as amended, and otherwise in
accordance with applicable law.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
In connection with the proposed transaction between Anthem,
Inc. (“Anthem”) and Cigna Corporation (“Cigna”),
Anthem has filed with the U.S. Securities and Exchange
Commission (the “SEC”) a registration statement on Form S-4,
including Amendment No. 1 thereto, containing a joint proxy
statement of Anthem and Cigna that also constitutes a
prospectus of Anthem. The registration statement was declared
effective by the SEC on October 26, 2015. This
communication is not a substitute for the registration statement,
definitive joint proxy statement/prospectus or any other document
that Anthem and/or Cigna have filed or may file with
the SEC in connection with the proposed transaction.
INVESTORS AND SECURITY HOLDERS OF ANTHEM AND CIGNA ARE URGED TO
READ THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER
DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY AS THEY
CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
TRANSACTION. Investors and security holders may obtain free copies
of the registration statement containing the definitive joint proxy
statement/prospectus and other documents filed with the SEC by
Anthem or Cigna through the web site maintained by the SEC at
http://www.sec.gov. Copies of the
documents filed with the SEC by Anthem are available free of charge
on Anthem’s internet website at http://www.antheminc.com or by contacting Anthem’s
Investor Relations Department at (317) 488-6390. Copies of the
documents filed with the SEC by Cigna are available free
of charge on Cigna’s internet website at http://www.cigna.com or by contacting Cigna’s
Investor Relations Department at (215) 761-4198.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This document, and oral statements made with respect to
information contained in this communication, contain certain
forward-looking information about Anthem,
Inc. (“Anthem”), Cigna Corporation (“Cigna”) and the
combined businesses of Anthem and Cigna that is intended
to be covered by the safe harbor for “forward-looking statements”
provided by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are statements that are not generally
historical facts. Words such as “expect(s),” “feel(s),”
“believe(s),” “will,” “may,” “anticipate(s),” “intend,” “estimate,”
“project” and similar expressions (including the negative thereof)
are intended to identify forward-looking statements, which
generally are not historical in nature. Such statements are subject
to certain known and unknown risks and uncertainties, many of which
are difficult to predict and generally beyond Anthem’s and Cigna’s
control, that could cause actual results and other future events to
differ materially from those expressed in, or implied or projected
by, the forward-looking information and statements. These risks and
uncertainties include those discussed and identified in Anthem’s
and Cigna’s public filings with the SEC. Important factors
that could cause actual results and other future events to differ
materially from the forward-looking statements made in this
communication are set forth in other reports or documents that
Anthem and/or Cigna may file from time to time with
the SEC, and include, but are not limited to: (i) the
ultimate outcome of the proposed transaction, including the ability
to achieve the synergies and value creation contemplated by the
proposed transaction, (ii) the ultimate outcome and results of
integrating the operations of Anthem and Cigna,
(iii) disruption from the merger making it more difficult to
maintain businesses and operational relationships, (iv) the
risk that unexpected costs will be incurred in connection with the
proposed transaction, (v) the timing to consummate the
proposed transaction and (vi) the possibility that the
proposed transaction does not close, including, but not limited to,
due to the failure to satisfy the closing conditions, including the
receipt of all required regulatory approvals. All forward-looking
statements attributable to Anthem, Cigna or any person
acting on behalf of Anthem and/or Cigna are expressly
qualified in their entirety by this cautionary statement. Readers
are cautioned not to place undue reliance on these forward-looking
statements that speak only as of the date hereof. Except to the
extent otherwise required by federal securities law, neither Anthem
nor Cigna undertake any obligation to republish revised
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events or the receipt of new information. Readers are also urged to
carefully review and consider the various disclosures in Anthem’s
and Cigna’s SEC reports.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170209005573/en/
Anthem, Inc.Investor
RelationsDoug Simpson,
317-488-6181Douglas.simpson@anthem.comorMediaJill
Becher, 414-234-1573Jill.becher@anthem.com
Cigna (NYSE:CI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Cigna (NYSE:CI)
Historical Stock Chart
From Sep 2023 to Sep 2024