(MENAFN) Anthem Inc., health insurer giant, and Cigna Corp said they are moving ahead to sign a merger deal as Cigna backed down on its differences over governance issues, Oman Observer reported.
Sources said that UnitedHealth Group Inc was looking to bid for Cigna.
Cigna shares were up 3 per cent at USD155.08 in early trading on the Nasdaq. Anthem shares were up marginally at USD160.27.
UnitedHealth shares were little changed at USD119.88. Anthem had made several offers for Cigna. Anthem made its bid public on June 20, offering Cigna USD47 billion in cash and stock.
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