Forget, “Can this marriage be saved?” Can this engagement be saved? Dating? How about distant friendship? Newly opened court testimony reveals that the differences between Anthem and Cigna might make for an unhappy coupling, should their merger be approved. The testimony is part of the Justice Department’s lawsuit challenging the merger on antitrust grounds. Maybe they should stop the merger on the grounds of irreconcilable differences.
One of the zanier of those differences, as reported by the Wall Street Journal, is that “Anthem executives have tried to move forward unilaterally since Cigna ceased cooperating with them on various deal-related issues.” Isn’t that sort of like doing marriage counseling solo?
Even presiding U.S. District Judge Amy Berman Jackson was stumped. “How do you work on integration without talking to the person you’re integrating with?” she asked.
Meanwhile, Cigna officials are uneasy about Anthem’s postmerger plans for the company that would be created in the merger.
This has not gone unnoticed by the plaintiff. “The Justice Department has sought to make the companies’ discord an issue in the case, saying the tension would impede any benefits from the merger,” the Wall Street Journal reported.
Source: Wall Street Journal