Anthem offers $184 per share for Cigna, CEO role holds up deal

U.S. health insurer Anthem Inc (ANTM.N) said on Saturday it had offered $184 per share in cash and stock for smaller rival Cigna Corp (CI.N) but a deal was being held up in part over what role Cigna's CEO would have in a merged company. Anthem, the second largest health insurer in the United States, said in a statement the deal had an enterprise value of $54 billion enterprise value and that it had made four offers for Cigna in June. The statement included a letter to Cigna's board in which Anthem said it had raised the offer to $184 per share in response to Cigna's requests, but that it could not guarantee the CEO role would eventually go to Cigna CEO David Cordani.

Anthem offers $184 per share for Cigna, CEO role holds up deal source: http://finance.yahoo.com/news/anthem-offers-184-per-share-182321509.html