Cigna rejected both of Anthem’s takeover bids, with the most recent bid at about $175 a share.
After the news broke, shares of Cigna rose to $153.43, up $16.12 for the day, according to the report.
More articles on payer issues:
Assurant to exit health insurance market
Merger speculation picks up after Humana goes quiet
Blue Cross parent posts $281.9M loss in first year of PPACA exchanges
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